Which of the following is the MOST accurate?
A) U.S. macroeconomic policies in the late 1960s helped cause the breakdown of the Bretton Woods system by early 1973.
B) U.S. macroeconomic policies in the late 1970s helped cause the breakdown of the Bretton Woods system by early 1983.
C) U.S. macroeconomic policies in the late 1980s helped cause the breakdown of the Bretton Woods system by early 1993.
D) U.S. macroeconomic policies in the late 1950s helped cause the breakdown of the Bretton Woods system by early 1963.
E) U.S. macroeconomic policies in the late 1960s delayed the breakdown of the Bretton Woods system to early 1973.
A
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Saving and borrowing is indicative of a family that
a. is most likely to be poor. b. has a difficult time balancing its standard of living. c. does not adjust its standard of living to reflect transitory changes in income. d. is most likely millionaires.
The supply curve for gasoline will be more elastic in:
A. the short run because of the principle of diminishing returns. B. the long run because of the principle of diminishing returns. C. the short run because firms have more time in which to respond to the price change. D. the long run because firms have more time in which to respond to the price change.