Because policies in the United States were too expansionary from 1965 through 1973, the U.S. suffered
A) demand-pull inflation.
B) cost-push inflation, as workers sought higher wages in order to keep up with inflation.
C) both demand-pull and cost-push inflation.
D) neither demand-pull nor cost-push inflation.
A
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In a bilateral monopoly, the wage rate is likely to be ________ than the value of marginal product of labor and ________ than in a pure monopsony
A) lower; lower B) lower; higher C) higher; lower D) higher; higher
Which of the following is included in both the balance of trade and the balance of payments?
A) exports B) earnings on domestic assets owned by foreign residents C) international capital movements D) earnings by domestic residents on assets located abroad
Assuming GDP remains constant, which of the following will increase Country A's balance on goods and services?
a. Reduced saving. b. Decreased taxes. c. Increased investment d. Reduced government spending. e. None of the above.
A dollar's value can change:
A. across different locations. B. over time. C. Both of these statements are true. D. Neither of these statements is true.