During the 1900-1950 period,
a. the growth of real GDP was more stable than has been the case since 1950.
b. unemployment seldom exceeded 4 percent of the labor force.
c. double-digit swings in real GDP during a single year were not uncommon.
d. the money supply was increased at a constant annual rate of between 4 percent and 6 percent throughout the period.
C
You might also like to view...
A weak U.S. dollar leads to a higher volume of U.S. imports
Indicate whether the statement is true or false
If Chinese consumers want to buy US goods, they will
a. Buy Yuan and sell US Dollars b. Sell Yuan and buy US Dollars c. Neither buy nor sell Yuan d. Neither buy nor sell dollars
Jimmy’s java shop operates in a monopolistically competitive market. Jimmy’s current output is where average costs are minimized. If this is the case, we would expect Jimmy to
A. increase output and lower price. B. decrease output and Jimmy’s average costs would increase. C. continue production at the current level as Jimmy’s is operating at his best outcome. D. increase output and Jimmy’s average costs would decrease.
A quota is
A. An elimination of trade to nurture an infant industry. B. A prohibition against trading a good. C. A limit on the quantity of a good that may be imported in a given time period. D. A tax imposed on imported goods.