The GDP deflator of a country in the base year was 100 and it is 130 in the current year. This implies that the prices of final goods and services produced in the country have increased by ________ between the two years

Financial panics characterized by depositor "runs" and consequent bank failures have not occurred in the United States since the 1930s primarily because

A) commercial banks now hold larger reserves. B) the Federal Deposit Insurance Corporation has reduced the fears of depositors. C) we have abandoned the gold standard. D) we have had no major recessions since the 1930s.

The maintenance of a framework of security and order through the establishment and enforcement of rules under which people can interact peacefully with one another and be secure in their person and property is known as the

a. productive function of government. b. protective function of government. c. transfer function of government. d. illegitimate function of government.