Measured as a share of GDP, the total federal debt
a. increased during the 1990s, but it has declined substantially during the most recent decade.
b. increased substantially during the recession of 2008-2009, but it is still well below the levels of the 1960s and 1970s.
c. has steadily trended downward during both the 1990s and the most recent decade.
d. is now approximately 100 percent of GDP, which is higher than at any time since the years immediately following World War II.
D
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Money as a medium of exchange
I. Facilitates the exchange of goods II. Reduces the incentive to barter A) I only B) II only C) Both I and II D) Neither I nor II
Edward Chamberlin argued that brand names
a. hampered market efficiency. b. were instrumental in enhancing market efficiency. c. were useful in enhancing market efficiency when the government enforced the use of exclusive trademarks. d. were likely to be more socially efficient when used in conjunction with advertising.