Political conflicts in the Middle East cause a significant r

Political conflicts in the Middle East cause a significant rise in price of oil. A. B. C. D. American consumers suddenly acquire a greater taste for cars made in US versus Japanese cars, ceteris paribus. A. B. C. D. A technological breakthrough significantly reduces the cost of computerizing production lines. A. B. C. D. A new government program results in a sudden increase in U.S. exports. In the year 2008 stock market values drop significantly. A. B. C. D. After the recession of 2007 U.S. businesses became pessimistic about the prospects of th3e economy. A. B. C. D. During World War II, the U.S. government spent huge amounts of money to fund the war effort, ceteris paribus. A. B. C. D. The large budget deficits at Federal and State levels have caused some higher taxes, significant spending reductions. A. B. C. D. In 2001 interest rates dropped to 40-year lows which decreased the cost of borrowing for businesses and consumers. A. B. C. D. During the late 1990s, productivity in many U.S. industries increased because of technological advances A. B. C. D. The value of the dollar plummeted in international currency markets, causing foreigners to buy more American goods. A. B. C. D.

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