Refer to Table 8-18. What is the GDP deflator in 2011 if 2016 is the base year?
A) 187 B) 87 C) 8.7 D) 0.87
B
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________ was the main cause of weakening of the U.S. dollar between August 2007 and July 2008
A) Easing of monetary policy in the U.S. B) An increase in the expected value of the dollar C) Rising energy prices D) A surge in exports from China to the U.S.
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What will be an ideal response?
Which piece of legislation allowed states to pass right-to-work laws?
A. Taft-Hartley Act B. Landrum-Griffin Act C. National Industrial Recovery Act D. Wagner Act
Refer to Figure 12.4. Since the housing bubble burst and the economy returned to its initial, pre-bubble level before the corrective policy changed output, the impact of the change in policy is best represented as a movement from
A) point A to point B. B) point C to point D. C) point B to point D. D) point C to point B.