Context and question: He was killed on 2 March 2009, possibly by soldiers in retaliation for the assassination of General Batista Tagme Na Waie, the head of the joint chiefs of staff, killed in an explosion. Vieira's death did not trigger widespread violence, but there were signs of turmoil in the country, according to the advocacy group Swisspeace. Malam Bacai Sanha was elected after a transition. In the 2009 election to replace the assassinated Vieira, Sanha was the presidential candidate of the PAIGC while Kumba Iala was the presidential candidate of the PRS.
Who won the 2009 election?
Answer: Sanha
Context and question: Hayek continued his research on monetary and capital theory, revising his theories of the relations between credit cycles and capital structure in Profits, Interest and Investment (1939) and The Pure Theory of Capital (1941), but his reputation as an economic theorist had by then fallen so much that those works were largely ignored, except for scathing critiques by Nicholas Kaldor. Lionel Robbins himself, who had embraced the Austrian theory of the business cycle in The Great Depression (1934), later regretted having written the book and accepted many of the Keynesian counter-arguments.
What was the result of Hayek's Prices and Production?
Answer: works were largely ignored
Context and question: The value of the U.S. dollar was therefore no longer anchored to gold, and it fell upon the Federal Reserve to maintain the value of the U.S. currency. The Federal Reserve, however, continued to increase the money supply, resulting in stagflation and a rapidly declining value of the U.S. dollar in the 1970s. This was largely due to the prevailing economic view at the time that inflation and real economic growth were linked (the Phillips curve), and so inflation was regarded as relatively benign. Between 1965 and 1981, the U.S. dollar lost two thirds of its value.
What move did the Federal Reserve take that resulted in stagflation and the decline of the U.S. dollar?
Answer:
increase the money supply