Which of the following was a key factor which pushed the nation close to civil war?
(a) The Missouri Compromise of 1820
(b) Dred Scott v. Sanford Supreme Court Case
(c) The Tariff of Abominations of 1828
(d) The Supreme Court practice of "judicial instrumentalism," which the South believed
undermined the Constitution
(b)
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The CPI in Holland is 124, and the CPI in Israel is 186. If absolute purchasing power parity holds then the Euro/Shekel exchange rate should be
A) 0.667. B) 1.5. C) 2.6. D) cannot be determined by the information given.
In the United States, all money is essentially the debt of government, commercial banks, and thrift institutions.
Answer the following statement true (T) or false (F)
In most cases, expenditure-switching policies must be accompanied by expenditure-reducing policies because
A) expenditure-switching policies are completely ineffective without expenditure-reducing policies. B) inflation ensues as home country domestic expenditures switch away from foreign goods to domestic goods unless overall expenditures are reduced. C) inflation abroad may increase the demand for domestic goods, causing inflation to rise. D) the depreciation in the exchange rate may decrease the domestic price of foreign goods, causing an increase in the current account deficit.
Which aggregate supply curve has a positive slope?
A) long run only B) short run only C) both long run and short run D) neither long run nor short run