In the United States during the 1960s, government spending dramatically increased to fight the Vietnam War, which resulted in:
A. demand-pull inflation.
B. cost-push inflation.
C. a disinflationary recession.
D. stagflation.
Answer: A
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Fill in the blank: Your textbook authors suggest ________ is the goal of a price-searching firm
A) just getting by B) maximizing sales C) maximizing net revenue D) maximizing total revenue E) maximizing the markup
When you were born, your parents deposited $10,000 in the bank. The bank offers a fixed interest rate of 4 percent. On your eighteenth birthday, your parents decide to withdraw the money that they deposited to pay for your college tuition
How much money can they expect to withdraw? Assume that interest is compounded annually.
If the factor price equalization theorem is true then, eventually, U.S. wages will fall to the level found today in the least developed countries of the world
Indicate whether the statement is true or false
Expected value is:
A. the sum of all probabilities of all possible outcomes of a future event occurring. B. the average probability of all possible outcomes of a future event occurring, weighted by each possible outcome individually. C. the average of each possible outcome of a future event, weighted by its probability of occurring. D. None of these statements is true.