Economic fluctuations in the United States have been less extreme since the 1950s

a. True
b. False
Indicate whether the statement is true or false


True

Economics

You might also like to view...

Implicit cost involves a direct cash payment for the use of a resource

a. True b. False

Economics

Realizing the problems with import substitution, some Asian countries have instead:

A. supported export-led growth. B. become isolationist, like North Korea. C. practiced contractionary monetary policy. D. worked to maintain a fixed exchange rate.

Economics

Aneta has owned an Italian sports car for several years and now she wants to sell it. She paid $8,500 for it in 1993 and she has just sold it for $39,000 in 2015. How is this sale included in the GDP for 2015?

A. $8,500 is included in 2015 GDP. B. $39,000 is included in 2015 GDP. C. The increase in value of $10,500 is included in 2015 GDP. D. It is not included in 2015 GDP.

Economics

A perfectly elastic demand curve is

A. horizontal. B. vertical. C. upward sloping. D. downward sloping.

Economics