Double-digit inflation
a. has occurred in the United States in only three of the past fifty years
b. has occurred throughout most of United States history
c. is also called creeping inflation
d. was the norm in the United States until the end of the Vietnam War
e. has not occurred in the United States since the Great Depression
A
Economics
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When there are external costs of production, such as when electric utilities burn coal, a competitive market will produce an inefficient level of output
Indicate whether the statement is true or false
Economics
A major cause of volatility in the value of the U.S. dollar is ________
A) foreign exchange interventions by the U.S. Treasury B) change in U.S. net exports C) change in the expected value of the dollar D) disagreement among policy makers
Economics