Stagflation can be explained by
a. the IS curve shifting up.
b. the IS curve shifting down.
c. the LM curve shifting to the right.
d. the LM curve shifting to the left.
e. none of the above.
E
Economics
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China has used a fixed yuan exchange rate and a crawling peg exchange rate. In both cases, China pegs its currency to the
A) U.S. dollar. B) Japanese yen. C) euro. D) Mexican peso.
Economics
Which of the following illustrates a macroeconomic question?
A. What is the least costly way to produce automobiles and trucks in the United States? B. Should the salaries of financial executives be regulated by the government? C. Will the introduction of a new computer chip change the demand for computers? D. Are increasing wage demands by workers contributing to price inflation?
Economics