In implementing the Marshall Plan (1948–51),
(a) the United States discouraged European countries from cooperating among themselves to increase trade, as it was felt that economic recovery would be better achieved through competition.
(b) the United States, in order to offset the large capital outflow caused by loans and grants made abroad, tried to maintain a balance of payments surplus.
(c) the United States offered financial aid to many of the economies in Western Europe devastated by World War II.
(d) the U.S. dollar was devalued 30% against other world currencies.
(c)
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Elaborate on the statement "Every multiple regression analysis is influenced by the sample of the data used."
What will be an ideal response?
In the DMP model,
A) Firms maximize profits. B) Firms determine how much effort they should put into filling job vacancies. C) Firms decide whether or not to enter the labor market by posting vacancies. D) Firms decide whether or not to retain or fire workers.
The largest component of output growth in the U.S. is
a. labor productivity growth. b. capital growth c. labor growth. d. knowledge growth. e. None of the above.
Compared with a 100% reserve system, fractional reserve banking
a) makes the economy more stable b) creates a greater risk of bank insolvency c) gives banks less control over the money supply d) makes the money multiplier smaller e) means that each dollar of currency is backed by a smaller amount of gold