One factor hastening the demise of the Soviet Union was _____
a. its military alliance with Cuba
b. its attempt to keep up with the United States in an arms race
c. its inability to predict the optimal amount of defense spending
d. its strong economic output
b
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When the Fed increased the volume of discount loans after the terrorist attacks of September 11, 2001, it was trying to achieve
The figure above portrays a total revenue curve for a perfectly competitive firm. The firm's marginal revenue from selling a unit of output
A) equals $0.50. B) equals $1.00. C) equals $2.00. D) cannot be determined.
A major cause of volatility in the value of the U.S. dollar is ________
A) foreign exchange interventions by the U.S. Treasury B) change in U.S. net exports C) change in the expected value of the dollar D) disagreement among policy makers
If the U.S. experiences a current account deficit, then
A. the U.S. must also be running a capital account deficit. B. the U.S. must be running a capital account surplus. C. the U.S. may either experience a capital account surplus or deficit. D. None of these statements are true.