As manufacturing becomes more efficient, services can be expected to become more costly
a. True
b. False
Indicate whether the statement is true or false
True
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The U.S. inflation of the 1960s was spread overseas via the ________ exchange rates of the time and led to the ________ of the Bretton Woods system
A) fixed, collapse B) fixed, establishment C) flexible, collapse D) flexible, establishment
The Federal Open Market Committee consists of
A) 12 members, each of which is the president of one of the 12 regional Federal Reserve banks. B) the seven members of the Board of Governors , the Chairman of the Fed, the U.S. Treasury Secretary, and the president of the Federal Reserve Bank of New York. C) the chairman of the Fed, the chairman of the president's council of economic advisors, the U.S. Treasury Secretary, and 4 of the 12 Federal Reserve Bank presidents who serve on a rotating basis. D) the seven members of the Board of Governors , the president of the Federal Reserve Bank of New York, and 4 other Federal Reserve Bank presidents.
Outstanding U.S. dollar-denominated travelers' checks issued by non-bank institutions are not counted as part of the M1 money supply
a. True b. False Indicate whether the statement is true or false
Something other than exploiting cheap foreign labor must be driving international trade
a. True b. False Indicate whether the statement is true or false