From 1837 and up until the Civil War, the United States adhered to a
A) gold standard.
B) silver standard.
C) bimetallic standard.
D) bronze standard.
E) copper standard.
C
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One drawback of fiscal policy is the time it takes to enact the legislation necessary to activate it
a. True b. False Indicate whether the statement is true or false
The due process (or takings) clause is found in the
a. Fifth Amendment b. The Declaration of Independence c. The preamble to the U.S. Constitution d. In New Deal legislation e. First amendment
Firms in perfectly competitive markets typically have:
A. one profit-maximizing level of output. B. two profit-maximizing levels of output to choose from. C. several profit-maximizing levels of output to choose from. D. no chance of maximizing profits, since they have no control over market price.
Which of the following reflects changes in expenditure patterns as well as price changes?
A. The PPI. B. The COLA. C. The GDP deflator. D. The CPI.