The gold standard established fixed exchange rates among all countries.

Market structure

a. has no influence on a firm's decision making b. applies only to industries regulated by the government c. is determined entirely by demand conditions in the industry d. influences the forms of competition among firms e. does not affect product price or quantity of output

Which of the following is one reason for the decline in aggregate demand that led to the recession of 2007-2009?

A) falling oil prices B) an increase in net exports C) the end of the housing bubble D) a decline in government spending