Increased international trade and deregulation have resulted in
a. increased competition in the U.S. economy
b. greater monopolization of industries in the U.S. economy
c. more oligopolies and cartels in the U.S. economy
d. greater government intervention in the U.S. economy
e. no changes in the U.S. economy
A
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Foreign exchange rate stability is important because a decline in the value of the domestic currency will ________ the inflation rate, and an increase in the value of the domestic currency makes domestic industries ________ competitive with competing foreign industries.
A) increase; more B) increase; less C) decrease; more D) decrease; less
The popular theory prior to the Great Depression that the economy will automatically adjust to achieve full employment in the long run is:
a. supply-side economics. b. Keynesian economics. c. classical economics. d. mercantilism
A demand curve is upward sloping because as the price decreases the quantity demanded decreases
Indicate whether the statement is true or false
According to economist Robert Barro, if parents are concerned about the welfare of their children, then each adult generation will voluntarily reduce the burden of federal debt on future generations, and thus forego the stimulative effect of deficit spending in the present
Indicate whether the statement is true or false