An argument has been made that the shrinking deficits of the 1990s were attributable to the

A. bailout of the savings and loans.
B. Gulf War.
C. peace dividend that resulted from the end of the Cold War.
D. Cold War.


Answer: C

Economics

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Other things equal, when the U.S. dollar depreciates, domestic exports rise at every level of domestic income

a. True b. False Indicate whether the statement is true or false

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In the figure above, what is the point price elasticity of demand when price is $40?

A. -1.50 B. -0.50 C. -1.00 D. -0.75 E. -2.00

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If the price index is rising over a period of time, then the real GDP in years:

A.  Prior to the base year will be larger than the nominal GDP B.  Prior to the base year will be less than the nominal GDP C.  After the base year will be higher than the nominal GDP D.  After the base year will be rising faster than the nominal GDP

Economics