The Smoot-Hawley Tariff Act of 1930 has generally been associated with
A) falling tariffs.
B) free trade.
C) intensifying the worldwide depression.
D) recovery from the worldwide depression.
E) non-tariff barriers.
C
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A decrease in the interest rate, other things being equal, causes a (an)
What would likely happen to the long-run aggregate supply curve if the U.S. federal government increases marginal tax rates on wages?
A) The LRAS curve would remain stable while the AD curve would shift leftward. B) The LRAS curve would remain stable while the AD curve would shift rightward. C) The LRAS curve would shift leftward. D) The LRAS curve would shift rightward.
Discuss the relationship between the business cycle and changes in autonomous expenditures
What will be an ideal response?
What does gross private domestic investment include?
a. Business purchases of capital goods, all new construction, and purchases of consumer durable goods. b. Business purchases of capital goods, all new construction, and inventory investment. c. Business purchases of capital goods, all new commercial construction, and inventory investment. d. Business purchases of capital goods, all new residential construction, and inventory investment. e. Business purchases of all types of durable goods, all new construction, and inventory investment.