When the United States was under the gold standard, recessions were ________ and long-term inflation was ________

A) more frequent; virtually nonexistent
B) less frequent; virtually nonexistent
C) more frequent; prevalent
D) less frequent; prevalent

A

Economics

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Taxes levied on goods and services transported across political boundaries are referred to as:

A) service taxes. B) tariffs. C) value added taxes. D) transport taxes.

Economics

There is __________ problem with deposit insurance as the insurer shares disproportionately in the __________ risk of banking

A) an adverse selection; upside B) an adverse selection; downside C) a moral hazard; upside D) a moral hazard; downside

Economics