"The Great Depression was caused by the 1929 stock market crash.". Which of the following is an indication that this statement is false?
a. The stock market had regained most of its losses from the October 1929 crash by April 1930.
b. The recessionary conditions actually began in the mid-1920s before the stock market crash.
c. The Great Depression was a result of government failure to intervene in market activity.
d. Economic theory indicates that a reduction in stock prices would reduce the consumer price index and thereby stimulate output and employment.
A
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In a short-run macroeconomic equilibrium, potential GDP exceeds real GDP. If aggregate demand does not change, then the
A) short-run aggregate supply curve will shift rightward as the money wage rate falls. B) short-run aggregate supply curve will shift leftward as the money wage rate rises. C) long-run aggregate supply curve will shift leftward as the money wage rate rises. D) long-run aggregate supply curve will shift leftward as the money wage rate falls.
On average, people in the United States spend a smaller percentage of their income on health care than do people in most other countries
Indicate whether the statement is true or false
Managers can be seen as monitoring ____ within the firm
A) externalities. B) property rights C) stockholders. D) accounting profits.
The unemployment insurance program
a. makes recessions and inflationary episodes more severe b. makes recessions and inflationary episodes less severe c. makes recessions more severe and inflationary episodes less severe d. makes recessions less severe and inflationary episodes more severe e. has no effect on the severity of recessions and inflationary episodes