The reforms introduced by Congress in the 1930s led to:
A. the Great Crash.
B. relative financial stability for over 70 years.
C. a further decline that lasted for 25 years.
D. the Great Depression to be worse than it needed to be.
B. relative financial stability for over 70 years.
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When the dollar appreciates, the cost to Americans of foreign goods
A. rises and the CPI falls. B. rises and the CPI rises. C. falls and the CPI rises. D. falls and the CPI falls.
Does the presence in the real world of intraindustry trade prove or disprove the classical or Heckscher-Ohlin models? Explain
What will be an ideal response?
An unexpected increase in the price level that temporarily lowers real wages and induces more employment and output in an economy, occurs in
a. nominal-supply theory. b. stagflation. c. misperceptions theory. d. sticky-wage theory.
Mechanism design can be used to provide employers and employees with the right incentives in labor markets.
Answer the following statement true (T) or false (F)