The most profitable output level can be found by looking at which two curves?

The reform movements that began in many Latin American economies in the late 1980s favored

A) competitive devaluations. B) stronger military budgets. C) imports substitution policies. D) a stronger role for markets and more openness. E) more government regulation of industry.

Shortly after World War II (1941–45) and the price controls ended,

(a) unemployment levels returned to those levels experienced during the Great Depression. (b) unemployment levels returned to their full employment levels. (c) unemployment dipped sharply and inflation surged. (d) unemployment rates increased and deflation emerged.