All of the following are responsible for the removal of the formal trade barriers EXCEPT
A) the General Agreement on Tariffs and Trade (GATT).
B) the World Trade Organization (WTO).
C) regional trade agreements such as NAFTA.
D) the World Bank and the IMF.
D
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If the economy is characterized by a certain and stable LM curve, then ________ target produces ________ fluctuations in aggregate output
A) an interest rate; smaller B) a money supply; smaller C) a money supply; larger D) an exchange rate; larger
Research supporting the new Keynesian model finds that prices are ________
A) slow to adjust to aggregate demand shocks B) changed very frequently C) changed only infrequently D) not as flexible as wages
The gross replacement rate is
A. the proportion of pretax earnings replaced by unemployment insurance. B. a rate of employment in key sectors of the economy. C. the percentage of each paycheck that is removed for unemployment insurance. D. the rate that tax receipts are used to cover tax expenditures. E. none of these answer options are correct.
The majority of immigrants coming to the U.S. in the 1840s and 1850s were from
a. England and Scotland. b. Italy. c. Germany and Ireland. d. France.