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In his testimony to Congress in 1975,Fed chair Arthur Burns argued that the high dynamic variable in the business cycle is NOT the stock of money but
Q1: Wage and price controls have been proposed
Q12: The main criticism most contemporary economists would
Q23: In general,appropriate fiscal policy would involve a
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Q27: An expenditure by the government for which
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Q30: Under a system of fixed exchange rates,a
Q33: During the mid-1990s,the short-run Phillips curve seems
Q57: Under the gold standard,when a country increases
Q65: If,at current exchange rates,$1 equals 0.8333 euros,a