Which of the following kinds of agreements between two or more countries would be an example of a shallow integration measure?
A) An agreement to accept another nation's certification of architects
B) An agreement to unify customs forms in order to speed up cross-border traffic
C) An agreement to use the same environmental standards
D) An agreement to impose the same limits on cartels and monopolies
E) An agreement to limit subsidies offered to domestic businesses
B
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In the 2000s, government budget deficits became larger as a percent of GDP
a. True b. False
According to Keynesians, an increase in the money supply will have its greatest impact on real GDP and least impact on the price level when the aggregate demand curve intersects
a. the vertical portion of the aggregate supply curve b. the upward sloping portion of the aggregate supply curve c. the horizontal portion of the aggregate supply curve d. either the upward sloping or the vertical portions of the aggregate supply curve e. either the horizontal or vertical portions of the aggregate supply curve