Which of the following would lead to stagflation?
a. demand-pull inflation
b. cost-push inflation
c. both of the above
d. none of the above
b
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Which of the following is an example of a natural monopoly?
A) the Pittsburgh Penguins hockey team, a National Hockey League team B) Ford Motors, the large automobile producing company C) Florida Power and Light, an electric utility in Florida D) Sony, the Japanese producer of the Playstation III E) JCPenney, the large department store chain
Refer to Figure 19-7. If the Indian government pegs its currency to the dollar at a value below $.02/rupee, we would say the currency is
A) parity valued. B) overvalued. C) undervalued. D) equilibrium valued.
In the U.S. over the last 50 years:
A. imports have grown and exports have fallen. B. both imports and exports have grown dramatically. C. both imports and exports have fallen dramatically. D. the percent of GDP that represents imports and exports has remained fairly steady.
The term "business cycle" refers to ________.
A) the periodic increases and decreases of the economy B) the periodic purchases of goods and services by the government C) the increases and decreases in the rate of inflation D) the periodic growth of the Federal Reserve system E) the periodic increases and decreases in the GDP due to seasonal factors