Which statement is true?
A. Until 1971, the U.S. ran a trade deficit virtually every year of the 20th century.
B. The U.S. ran trade surpluses for most of the 19th century.
C. In the 1920s, the U.S. flooded the rest of the world with consumer goods such as Model T Fords, radios and waffle irons as our trade surpluses increased.
D. Until after WWII most of U.S. exports were agricultural products, such as cotton and grain sent to Europe.
C. In the 1920s, the U.S. flooded the rest of the world with consumer goods such as Model T Fords, radios and waffle irons as our trade surpluses increased.
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During the ________ output ________ its natural level
A) late 1990s, exceeded B) 1960s, deviated relatively little from C) early 1980s, tended to exceed D) all of the above
Other things being equal, what is the effect of deficit spending on interest rates?
A) Interest rates decline. B) Interest rates rise. C) Interest rates hold constant because the demand for credit decreases. D) There is no impact unless the Federal Reserve decides to alter the money supply.
_____ is a specific location in New York City where contracts to deliver agricultural and metal products are bought and sold
a. The U.S. Department of Commerce b. The New York Stock Exchange c. The Commodity Exchange d. The Barclays Bank e. The U.S. Commodity Futures Trading Commission
The demand curve for a Giffin good
A. is a straight line. B. slopes upward. C. is convex. D. slopes downward.