In the United States during the 1950s and 1960s:
A. the inflation rate was frequently less than 2 percent a year.
B. prices fell.
C. prices rose sharply.
D. there was zero inflation.
Answer: A
You might also like to view...
Private solutions to the problem of externalities are most likely when
A) transactions costs are low and the number of bargaining parties is small. B) transactions costs are low and the monetary damages to third parties are high. C) government actively encourages these solutions. D) transactions costs are low and the number of bargaining parties is large.
A curve that shows the cost to the firm of hiring an additional unit of a resource is known as a
a. marginal product curve b. marginal revenue product curve c. total revenue product curve d. marginal revenue curve e. marginal resource cost curve
Which term refers to provisions in a law or a contract whereby monetary payments are automatically adjusted whenever a specified price index changes?
a. Contango b. Swap c. Averaging d. Indexing
If fears of a terrorist attack are widespread and people lose faith in money, the economy could revert to a system of
a. cash and checks. b. double-entry bookkeeping. c. barter. d. financial intermediaries.