In contrast to the typical Republican Party laissez-faire policies, President Richard Nixon in 1971 introduced
a. mandatory drug testing of cabinet officers.
b. monetary targets for the Federal Reserve Board.
c. wage and price controls.
d. mandatory gold purchases by the U.S. Treasury.
c
Economics
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An increase in output will tend to
a. increase productivity in the economy as a whole b. reduce prices of non-labor inputs and other commodities in limited supply in the short run c. increase real wage rates d. increase nominal wage rates e. decrease the price level
Economics
Refer to the given graph. A movement from b to a along C 1 might be caused by a(n):
A. recession.
B. wealth effect of an increase in stock market prices.
C. decrease in income tax rates.
D. increase in saving.
Economics