Which of the following is true about the U.S. economy from 1992 to 1999?
A. It experienced sluggish growth in GDP most years.
B. It had the lowest unemployment levels of the century.
C. It performed above average based on most measures.
D. It experienced zero inflation most years.
Answer: C
You might also like to view...
When do diminishing marginal returns occur?
(A) When some workers increase output but others decrease it. (B) When extra workers will have to wait their turn to be productive. (C) When the marginal product of labor increases as the number of workers increases. (D) When additional workers increase total output at a decreasing rate.
An open-market operation in which the Federal Reserve purchases bonds will
a. increase the money supply and increase the price level. b. decrease the money supply and decrease real GDP. c. decrease the money supply and increase the price level. d. decrease the money supply and increase real GDP.
A firm that must determine the price-output combination that maximizes profit because it faces a downward-sloped demand curve
A) has a perfectly elastic demand curve. B) has a perfectly inelastic demand curve. C) is a price-taker. D) is a price searcher.
How was the practice of clipping coins during feudalism contributing to inflation? Who benefited from this inflation?
What will be an ideal response?