Between 1993 and 2001 the U.S. economy experienced
a. relatively low inflation and unemployment rates.
b. relatively high inflation and unemployment rates.
c. relatively low inflation rates and relatively high unemployment rates.
d. relatively high inflation rates and relatively low unemployment rates.
a
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Under which circumstances does vertical integration become useful?
The larger the multiplier, the more stable the economy
a. True b. False
If the amount of money in circulation is $50 billion and the nominal GDP is $200 billion, the velocity of money is
a. 0.25 b. 0.75. c. 2. d. 4.
How did the European Union attempt to alleviate problems with currency exchange among its member countries?
a. removed trade barriers b. created a common currency c. dissolved national banks d. eliminated national borders