In 1981, the Reagan administration employed a policy that included tax ____ while at the same time the Federal Reserve's strategy was to combat ____
a. cuts; unemployment
b. cuts; inflation
c. hikes; unemployment
d. hikes; inflation
b
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Can protection save jobs and the environment and prevent workers in developing countries from being exploited?
What will be an ideal response?
Suppose that a monopolistically competitive market is in its long-run equilibrium. If the market demand curve shifts to the left due to a recession:
A. the number of firms in the market decreases in the short run. B. some firms may earn negative profits in the short run. C. firms' average costs of production decreases as they decrease output levels in the short run. D. None of these
When average variable costs are rising
A) marginal physical product is also rising. B) marginal costs is falling. C) average physical product is rising. D) average physical product is falling.
Refer to the information provided in Figure 4.5 below to answer the question(s) that follow.
Figure 4.5Refer to Figure 4.5. The United States imports 9 million CD-Rom drives at a world price of ________ per CD-Rom drive.
A. $15 B. $25 C. between $15 and $25 D. >$25