Beginning in 1971, the Nixon administration enacted a series…

Beginning in 1971, the Nixon administration enacted a series of price controls in hopes of reducing inflation.  The first of these, known as Phase I,   a.  consisted of a complete price freeze.   b.  imposed a ceiling price on meat, but left other prices unregulated.   c.  froze wages, but left other prices unregulated.   d.  applied only to oil prices.

When an economy is at full employment, increases in military…

When an economy is at full employment, increases in military production   a.  cause a movement along the PPF.   b.  cause an outward shift in the PPF.   c.  mean that the economy is operating outside the PPF.   d.  mean that the economy is operating inside the PPF.

cording to Walton and Rockoff, all of the following were amo…

cording to Walton and Rockoff, all of the following were among Jefferson’s main goals for land policy except:   a.  To assure clear property rights to the land owned by individuals.    b.  To drive Indians off the land and secure it for American settlers.    c.  To provide revenues to the federal government through sales.    d.  To spread democratic institutions.