Which of the following is not a reason why the U.S. economy has been more stable since 1950?
A) Unemployment insurance and other government programs curtail the decline in spending that occurs during a recession.
B) Services have become a larger fraction of GDP and goods have become a smaller fraction of GDP.
C) Goods have become a larger fraction of GDP and services have become a smaller fraction of GDP.
D) The government has actively pursued policy to combat recessions and prolong expansions.
C
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Perfect competition
A) has many sellers. B) homogenous products. C) free entry and exit. D) all of these choices.
The laws of supply and demand did not apply to elephant tusks
a. True b. False Indicate whether the statement is true or false
You turn to the bond market page of a newspaper and look under the column headed "Bonds" and see that it says, "Alpha 7 1/2 25" this information indicates that
A) the coupon rate on this bond is 7.5 percent. B) the year this bond matures is 2025. C) the current yield on this bond is 7.5 percent. D) the current yield on this bond has risen 0.25 percent since the previous trading day. E) a and b
When there is a recessionary gap, inflation will ________, in response to which the Federal Reserve will ________ real interest rates, and output will ________.
A. decline; lower; decline B. increase; raise; decline C. decline; lower; expand D. decline; raise; decline