Stagflation usually results from
A) a supply shock. B) an increase in aggregate supply.
C) a decrease in aggregate demand. D) an increase in aggregate demand.
A
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Complete this statement. Sellers compete against other sellers and
A) sellers compete against buyers. B) sellers cooperate with buyers. C) buyers cooperate with other buyers. D) both A and C are true.
The Equal Pay Act of 1963 says which of the following?
a. people working the same job at the same company must be paid the same amount b. people working the same job in the same industry must be paid the same amount c. people working in a company with the same education level must be paid the same amount d. people working in an industry with the same education level must be paid the same amount
If the potential money multiplier in the U.S. is 5, then a $1,000 increase in demand deposits -- your earnings as a tutor in economics -- can potentially create demand deposits (including your $1,000 . of
a. $200 b. $500 c. $2,000 d. $5,000 e. $50,000
The gold standard probably made the Great Depression more severe in the United States because
A) the value of gold declined sharply during those years. B) the existence of the gold standard kept prices from falling. C) the money supply in the United States increased rapidly as gold flowed into the country. D) the Fed attempted to reduce gold outflows by raising the discount rate.