The ________ system of currency exchange was set up in 1944
A) managed float B) flexible C) gold standard D) Bretton Woods
D
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According to this Application, transformative economic growth, such as that which occurred with the Industrial Revolution, typically requires
A) both participatory and authoritarian political institutions. B) more authoritarian political institutions. C) neither participatory nor authoritarian political institutions. D) more participatory political institutions.
Real GDP per person averaged $150 a year (in 2009 dollars) from 1,000,000 BC until 1620. Then in ________ real GDP began to increase without limit and by 1850 had risen to twice its 1650 level because ________
A) 1750; of the Industrial Revolution B) 1776; United States was founded C) 1750; Columbus arrived in the Americas D) 1650; the Pilgrims arrived in the Americas E) 1650; of the Industrial Revolution
Corporate profits are
A) taxed at too low a rate. B) taxed only when a stockholder sells his or her shares of stock. C) taxed twice—once by the corporate tax system, and again by personal tax system when they are paid to stockholders as dividends. D) taxed three times—once by the corporate tax system, again by the personal tax system, and again as capital gains.
On average, the greater the unexpected decline in aggregate demand
A) the weaker is the resulting deflation. B) the greater is the resulting deflation. C) the greater is the resulting inflation. D) the greater is the rise in the price level.