When the United States engaged in quantitative easing from 2008 to 2014, ________ rose sharply
A) bank reserves
B) inflation
C) the unemployment rate
D) the money supply
A
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Which of the following will be counted as an expenditure in the measurement of GDP? (Assume that none of the transactions is concealed from the relevant authorities.)
A) the value of a used automobile that remains unsold on the dealer's lot B) purchase of a lamp at a neighborhood garage sale C) purchase, using foodstamps, of a loaf of bread D) payment by a parent to her child for doing household laundry E) purchase of flour by a bakery
You should specialize in the production of a good if you have
A) an absolute advantage. B) more capital resources than your trading partner. C) more human resources than your trading partner. D) a comparative advantage.
Which of the following hinders economic freedom?
a. Lower taxes b. Regulations on emissions from automobiles c. International trade d. Secure private property rights e. A democratic government
Which country will most likely have the fastest economic growth?
a. Country A does not offer public education for children over the age of 10. b. Country B’s government encourages citizens to save and invest a portion of their incomes. c. Country C frequently goes to war with its neighbors in the hopes of acquiring more land. d. Country D’s government has not repaired any of its roads in over a decade.