Which of the following was NOT a time period in which output in the U.S. sharply rose?
A. World War I
B. the Roaring Twenties
C. the early 1930s
D. the 1960s
E. the late 1990s
C. the early 1930s
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People with less education are:
A. more likely to be unemployed than people with more education. B. less likely to be unemployed than people with more education. C. just as likely to be unemployed than people with more education. D. not comparable to people with more education.
A firm that sells at a price below average cost is losing money
a. True b. False Indicate whether the statement is true or false
When employment discrimination results from the personal prejudices of employers, economic theory suggests that
a. it is costless for employers to discriminate against groups they do not like. b. the wages of employees who are discriminated against will actually rise. c. an employer who discriminates will experience higher costs. d. discrimination by an employer will reduce production costs since the employer can pay lower wages.
When a nation's currency appreciates, it purchases ___ units of a foreign currency and its currency is said to__
a. fewer; strengthen b. more; strengthen c. fewer; weaken d. more; weaken