The U.S. interstate system was begun under ________
A) President Franklin Delano Roosevelt in 1933 as part of the New Deal
B) President Herbert Hoover in 1923
C) President Dwight D. Eisenhower in 1956
D) President George W. Bush in 2002 after the 9/11 attacks
C
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The Keynesian short-run aggregate supply curve is horizontal because
A. it represents the full employment level of real GDP. B. it represents Say's law. C. it reflects wage and price inflexibility. D. it reflects the absence of money illusion.
If a Thai citizen borrowers dollars for a few months, hedging should take place if
a. the dollar is expected to fall in value over that time b. the dollar is expected to rise in value over that time c. the dollar is expected to fluctuate considerably over that time d. the dollar is expected to remain stable over that time e. none of the above
The monetary policy strategy that provides an automatic rule for the conduct of monetary policy is
A) exchange-rate targeting. B) monetary targeting. C) inflation targeting. D) the implicit nominal anchor.
The unemployment that results from the quantity of labor supplied exceeding the quantity demanded is called structural unemployment
a. True b. False Indicate whether the statement is true or false