The deflation of the 1930s impacted the U.S. economy because it led some consumers to ________ and because it ________
A) demand higher wages in anticipation of prices eventually rising again; increased manufacturing since firms could afford to hire more labor
B) increase purchases to take advantage of the falling prices; increased the burden on lenders
C) postpone purchases while they waited for prices to fall even lower; increased the burden on borrowers
D) borrow more money since money was now cheap; reduced the amount of money consumers would have to pay back on their outstanding loans
C
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In the first quarter of 2009, the United States trade deficit fell to its lowest level in a decade. This means that
A) the United States imported more from the rest of the world than it exported to the rest of the world. B) foreign countries exported more to the United States than they imported from the rest of the world. C) foreign countries imported more from the United States than they exported to the United States. D) the United States exported more to foreign countries than it imported from the rest of the world.
What are the similarities between an English auction and a Dutch auction?
What will be an ideal response?
The data below describe the economy of Econland:Business and household saving58Government transfers and interest payments12Government purchases of goods and services25Tax collections42Public saving in Econland equals:
A. 5 B. -5 C. 17 D. 16
"Dividing the economic pie more equally may reduce the size of the economic pie." This argument is characterized as:
A. a trade off between interest rates and unemployment. B. a form of discrimination. C. a conflict between equity and efficiency. D. a conflict between full employment and economic growth.