The economic burden of World War II for the United States was primarily:
A. Shifted to future generations by bond financing
B. Borne by the persons who lived during the war period
C. Shifted to foreign nations who were defeated during the war
D. Borne by the industries which produced military products during the war
B. Borne by the persons who lived during the war period
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If technological change occurs in the economy,
A) the long-run aggregate supply curve will shift to the left. B) we will move up along the long-run aggregate supply curve. C) we will move down along the long-run aggregate supply curve. D) the long-run aggregate supply curve will shift to the right.
The foreign exchange system that has the highest foreign exchange risk is
A) the dirty floating exchange rate. B) the fixed exchange rate. C) the floating exchange rate. D) the Bretton Woods system.