The result of the reunification of eastern and western Germany in 1990
A) was a boom in Germany and higher inflation, with no effect on nearby countries.
B) was a recession in Germany and lower inflation, with no effect on nearby countries.
C) was a boom in Germany and higher inflation, and, with other EMS countries' commitment to fixed exchange rates, a deep recession in nearby countries.
D) was a recession in Germany and lower inflation, and, with other EMS countries' commitment to fixed exchange rates, a deep recession in nearby countries.
E) was a recession in Germany and lower inflation, causing a boom in nearby countries.
C
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Actual investment spending includes spending by consumers on
A) services. B) nondurable goods. C) new houses. D) durable goods.
In the above table, if the marginal revenue product is $18, how many workers will the profit maximizing monopsonist hire?
A) 2 B) 3 C) 4 D) 5
If Americans became more pessimistic about the economy, what would happen to the consumption-income line?
a. A rightward movement along the line b. A leftward movement along the line c. The entire line would shift upward d. The entire line would shift downward e. The entire line would shift downward and there would be a rightward movement along the new line
Under ________ taxation, tax payers at all income levels pay the same percentage of their income in taxes. Therefore it is also called a flat tax
a. progressive taxation b. proportional taxation c. regressive taxation d. marginal taxation