U.S. military use of steel is nearly half of total U.S. steel production.
Answer the following statement true (T) or false (F)
False
You might also like to view...
An inflationary gap will exist when the full employment level of GDP is
A. equal to equilibrium GDP. B. greater than equilibrium GDP. C. less than equilibrium GDP. D. greater than disposable income.
Economic developments after the Civil War (1861–1865) in the South include all of the following except
(a) A decline in cotton prices with the result that poverty associated with cotton became a fixed feature of the South (b) The relatively widespread land ownership among the freed slaves (c) The widespread adoption of the sharecropping system (d) The widespread debt peonage for the freed slaves
A profit-maximizing firm in a competitive market will earn zero accounting profits in the long run
a. True b. False Indicate whether the statement is true or false
It is necessary for the Federal Reserve to regulate the money supply because
A. banks tend to act in a counter-cyclical manner with regard to the money supply. B. banks are not profit oriented and tend to be unresponsive to the needs of business. C. left to itself, the banking system will create a gyrating money supply that will be destabilizing. D. left to itself, the banking system will not be able to increase or decrease the money supply.