The Articles of Confederation (1777–1781) did all of the following except
(a) Tax the colonists to finance the central government
(b) Provide a formal means by which the colonists communicated and interacted
(c) Granted significant power to the colonial states
(d) Required negotiations for funding the War between the leaders of the American Revolution
and each colonial state
(a)
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Refer to Table 8-13. Nominal GDP for Vicuna for 2013 equals
A) $4,920. B) $5,100. C) $5,300. D) $5,850.
Using Figure 1 above, if the aggregate demand curve shifts from AD1 to AD2 the result in the long run would be:
A. P1 and Y2. B. P2 and Y2. C. P3 and Y1. D. P2 and Y3.
The primary concern of current critics of fiat money is that:
A. fiat money is too easy to counterfeit. B. government will issue too little threatening economic growth. C. fiat money is too costly to produce. D. governments issue too much money threatening its value.
Refer to the above diagram. At output level Q total cost is:
A. 0AFQ plus BCDE. B. 0BEQ plus BCDE. C. BCDE. D. 0BEQ.