The worst recessions after World War II occurred
A. during 1945-1946 and 1981-1982.
B. during 1957-1958 and 1973-1975.
C. during 1945-1946 and 1973-1975.
D. during 1973-1975 and 1981-1982.
Answer: D
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Which of the following is counted as part of M2?
a. Currency. b. Checkable deposits. c. Money-market mutual funds. d. All of these.
Under the Bretton Woods agreements,
A. the IMF was created to punish countries that did not maintain fixed exchange rates. B. a system of fixed exchange rates based on gold was established. C. each country agreed to buy and sell its currency to maintain a fixed exchange rate. D. All of the above are correct.
Which of the following unfair trade remedies is used LEAST often?
a. antidumping duties b. countervailing duties c. safeguard or escape clause duties d. antidumping and countervailing duties.
In Figure 33.1, at the market wage, the consumer surplus is 
A. BW*C. B. BWminEF. C. WminAE. D. W*AC.