The traditional view of fixed rate systems was that
A) they improved inflation but were worse for growth.
B) they improved stability but were worse for inflation.
C) they improved inflation but worsened stability.
D) they improved growth but worsened inflation.
A
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Under the new Constitution in 1789, the states gained the sovereign power to
(a) levy taxes. (b) power and issue money. (c) "regulate" the value of money. (d) create corporations by special franchise.
The excess burden of a tax is:
a. the amount by which the price of a good increases. b. the loss of consumer and producer surplus that is not transferred to the government. c. the amount by which a person's after-tax income decreases as a result of the new tax. d. the welfare costs to firms forced to leave the market due to an inward shift of the demand curve.
At the optimum, the marginal social benefit from pollution emissions
A. will equal the marginal social cost of pollution emitted. B. will be less than the marginal social cost of pollution emitted. C. will be greater than the marginal social cost of pollution emitted. D. is zero.
Courts generally use the ________ when determining the value of human life in wrongful death suits
A) compensating differential approach B) actuarial approach C) lost-income approach D) sentimental approach