Which one of the following could cause an inflationary gap?
A. Net exports are decreasing.
B. Price levels are too low.
C. Government spending is too high.
D. Unemployment occurs.
Answer: B
Economics
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When the federal government deregulated the savings and loan industry,
a. nearly one third of all savings and loans failed by 1987 b. interest rates on loans made by savings and loans decreased c. profits of the savings and loans increased d. the FSLIC stopped insuring deposits e. the savings and loans restricted their loans to fairly riskless loans like home mortgages
Economics
All of the following are examples of illegal per se activities except which one?
A) output restrictions B) bid rigging C) market division D) resale price maintenance
Economics