Double-digit inflation
a. has occurred in the United States in only three of the past fifty years
b. has occurred throughout most of United States history
c. is also called creeping inflation
d. was the norm in the United States until the end of the Vietnam War
e. has not occurred in the United States since the Great Depression
A
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Explain why it is highly unlikely that the world's oil reserves will be depleted within the next 40 years
What will be an ideal response?
During World War II (1941–45) which of the following fell?
(a) Real GDP per capita (b) Private consumption expenditures (c) Private investment (d) Government expenditures
The Federal Funds rate is the interest rate
a. banks charge each other for short-term loans. b. the Fed charges depository institutions for short-term loans. c. the Fed pays on deposits. d. interest rate on 3 month Treasury bills.
One In the News article says that when JetBlue "…comes to town, fares go down …" If entry barriers are low enough, a market
A. Is contestable. B. Requires regulation. C. Violates antitrust laws. D. Is inefficient.