Comparing the United States economy in the 1920s with the economy in the 1990s, both decades
A. had slow economic growth.
B. had a lack of any government regulation of the stock market.
C. suffered from economic depressions.
D. had soaring stock markets.
D. had soaring stock markets.
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In the figure above, what is the consumer surplus per day?
A) $100,000 B) $50,000 C) $125,000 D) $150,000 E) zero
Following the imposition of the Smoot-Hawley tariff
A) international trade continued to expand. B) more than 40 countries imposed higher tariffs of their own. C) employment in the United States expanded rapidly. D) Two of the above.
Suppose one U.S. dollar can purchase a half pound of strawberries in the United States. After converting dollar to pesos, one U.S. dollar can now purchase a full pound of strawberries in Mexico. These values represent:
a) a real exchange rate. b) a nominal exchange rate. c) a purchasing power parity rate. d) a transaction rate.
Contractionary fiscal policy could be carried out by
A. an increase in government spending and/or a decrease in taxes. B. an increase in transfer payments. C. a decrease in government spending and/or an increase in taxes. D. All of the choices are correct.