The supply-side shocks that affected the United States in 1973 and 1979 were the result of
A. government tax policies.
B. union wage demands.
C. OPEC policies regarding the availability and price of crude oil.
D. periods of stagflation in which the United States had achieved low or negative rates of growth in real GDP.
C. OPEC policies regarding the availability and price of crude oil.
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What are the two big approaches to thinking about fairness?
What will be an ideal response?
The primary purpose of the discount window is to
A) influence the nation's money supply. B) fulfill the bank's lender of last resort role. C) control banks' excess reserves. D) influence the amount of loans that banks provide to the public.
The slope of a line that passes through the points (20, 30) and (40, 14) is
a. -5/4. b. -4/5. c. 4/5. d. 5/4.
Which of the following is false?
A. The U.S. has had twelve recessions since January 1945. B. The U.S. has had a great deal of stagflation in the 1970s. C. The U.S. has not had a depression since the 1930s. D. The U.S. had rising inflation all throughout the 1990s.