The U.S. did not lapse back into a depression after World War II ended for all of the following reasons EXCEPT
A. a larger role taken on by the federal government.
B. pent up demand for housing and automobiles.
C. government programs that aided the trend toward suburbanization.
D. a return to laissez-faire economic policies.
D. a return to laissez-faire economic policies.
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The slope of the indifference curve is referred to as
A) the price ratio. B) the marginal tradeoff rate. C) the marginal rate of consumption. D) the marginal rate of substitution.
Refer to Table 26-1. The hypothetical information in the table shows what the values for real GDP and the price level will be in 2017 if the Fed does not use monetary policy
Which of the following policies makes sense if the Fed wants to keep real GDP at its potential level in 2017? A) The Fed should lower the target for the federal funds rate. B) The Fed should pursue contractionary policy. C) The trading desk should sell Treasury securities. D) The Fed should lower capital gains taxes.
In the long run, the chief determinant of exchange rate changes is a change in
a. interest rates. b. real GDP. c. the price of gold. d. price levels.
Purchases of domestic assets by foreign firms or households is called a:
A. trade deficit. B. trade surplus. C. capital outflow. D. capital inflow.