When it comes to basic commodities, the United States is a net exporter of oil and metals and a net importer of farm crops

In the early post-war years, the Fed was reluctant to continue its wartime agreement with the Treasury because it believed the result would be

A) recession. B) inflation. C) higher taxes. D) lower taxes.

Which of the following has contributed to decreased concentration in U.S. industry since the 1970s?

a. rising interest rates and disinflation b. segmentation and economies of scale c. devaluation and economies of scale d. technological change and market globalization e. marginal cost pricing and product differentiation