The growth and development of the U.S. economy during its period of rapid industrialization was largely influenced by centralized economic planning
Indicate whether the statement is true or false
False
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Given the accelerationist Phillips curve ?? = - 0.3 (U - 6 ) + ?, suppose that inflation in the preceding period was 3 percent, unemployment is 6 percent, and there is a price shock of 2 percent. The current inflation rate is ________
A) 3 percent B) 0.2 percent C) 5 percent D) 1 percent E) none of the above
The United States economy in the mid-2000 . did not experience stagflation because
a. energy prices declined. b. the energy content of GDP declined. c. the U.S. economy became more volatile since 1980. d. all of the above.
The velocity of money is the:
A. rate at which the price index for consumer goods rises. B. multiple by which an increase in government expenditures will cause output to expand. C. average number of times a dollar is used to buy goods and services included in GDP. D. number of times a dollar is taken out of the country during a year.
The ______________________ which was set up in 1995, was the successor to GATT.
Fill in the blank(s) with the appropriate word(s).