The Iranian Revolution in 1979 led to another interruption of oil supplies to the United States. This caused the reoccurrence of
a. deflation.
b. full-employment.
c. trade surpluses.
d. stagflation.
d
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Suppose Tim has $1,000 in cash on hand to buy collectable baseball cards at a swap meet. Tim often sells these cards at a profit. This is an example of the
A) asset demand for money. B) transaction demand for money C) precautionary demand for money. D) wealth demand for money.
Deficits are created by governments running a large debt
a. True b. False Indicate whether the statement is true or false
Federal tax policy:
A. treats employer health insurance premiums as taxable income. B. subsidizes health insurance and thereby increases the demand for health care. C. subsidizes health insurance and thereby decreases the demand for health care. D. corrects the overallocation of resources to the health care industry that would otherwise exist.
If we assume that labor is the only variable input, the slope of the short-run ________ curve measures the marginal product of labor.
A. total cost B. average product C. marginal product D. total product