The U.S. inflation rate ________ in the 1960s and 1970s, ________ in the 1980s, and ________ in the 1990s and 2000s.

A. was steady; rose sharply; fell
B. rose; fell sharply; remained low
C. rose; fell sharply; rose again
D. was steady; rose sharply; remained high

Answer: B

Economics

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The Ricardo-Barro effect argues that the crowding-out effect

A) is the result of the government budget deficit and higher interest rates. B) will occur, because the private saving supply will change to offset any change in the government budget deficit. C) is stronger when the government runs a budget surplus than when it runs a budget deficit. D) is the result of a government budget surplus and higher interest rates. E) will not occur, because the private saving supply will change to offset any change in the government budget deficit.

Economics

The length of time before policymakers realize they need to intervene in the economy is called the

A) recognition lag. B) implementation lag. C) impact lag. D) liquidity lag.

Economics