Which of the following periods is characterized by the sharpest increase in inflation?
a. 1968–1972
b. 1976–1980
c. 1980–1984
d. 2008–2012
b. 1976–1980
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Assuming the economy in the graph shown is currently at equilibrium A, if the government wanted to enact a policy it would likely enact:
A. expansionary fiscal policy in an effort to move aggregate demand to the right.
B. contractionary fiscal policy in an effort to move aggregate demand to the left.
C. expansionary fiscal policy in an effort to move aggregate demand to the left.
D. contractionary fiscal policy in an effort to move aggregate demand to the right.
Under present U.S. federal law, which one of the following is a government-inhibited good?
A) housing B) medical care C) marijuana D) education
When you choose the best action for each situation
a. situational leadership b. participative leadership c. autocratic leadership d. laissez faire leadership
A stronger dollar would be a good policy if the U.S. government wanted to:
A. increase U.S. imports and expand the U.S. economy. B. reduce U.S. imports and slow the U.S. economy. C. reduce U.S. exports and slow the U.S. economy. D. increase U.S. exports and expand the U.S. economy.