From 1945 until 1973, the U.S. economy experienced ________
A) rapid inflation
B) no major recessions or depressions
C) minimal interaction with the global economy
D) all of the above
E) none of the above
B
You might also like to view...
Refer to the Article Summary. All else equal, a depreciation of the Chinese yuan relative to a currency such as the U.S. dollar should ________ the current account balance in China and therefore ________ the financial account balance in China
A) increase; increase B) increase; decrease C) decrease; decrease D) decrease; increase
What matters most in determining the efficient distribution of production over the world is a. absolute advantage
b. efficiency. c. the stock of resources. d. comparative advantage.
A bank's reserve ratio is 10 percent and the bank has $5,000 in deposits. Its reserves amount to
a. $50. b. $500. c. $4,500. d. $4,950.
Why are universal standards for minimum wages and hours worked difficult to agree on?
What will be an ideal response?