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