Federal government expenditures, as a percentage of GDP,
A) rose from 1950 to 1991, fell from 1992 to 2001, and have risen from 2001 to the present.
B) rose from 1950 to 1980, fell from 1981 to 2001, and have risen from 2001 to the present.
C) have fallen since the early 1950s to the present.
D) rose from 1950 to 2001 and then fell from 2001 to the present.
E) have risen since the early 1950s to the present.
A
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Flexible exchange rates, proving to be much ________ volatile than economists predicted, have led to ________ calls for a return to fixed exchange rates
A) less, few B) less, many C) more, few D) more, many
Which of the following is the best description of the effects of an increase in the supply of bread?
a. Consumers will pay more for bread. b. Bread prices will fall, and bread sales will rise. c. A permanent surplus of bread will remain on the market. d. Bakers will have higher marginal costs.