Which statement is true?
A. Subsidy payments to farmers were almost completely phased out in 2007.
B. The so-called new economy of the 1990s was neither new, nor very different from the economy of the previous 25 years.
C. Until the time of the Great Depression, the United States was primarily an agricultural nation.
D. There were no recessions during the presidency of Bill Clinton (January 1993-January 2000).
D. There were no recessions during the presidency of Bill Clinton (January 1993-January 2000).
You might also like to view...
A fixed exchange rate system crisis may be accompanied or followed by
A) unexpected gains of international reserves. B) revaluation of a currency. C) devaluation of a currency. D) gains in comparative advantage. E) deflationary pressures within the country.
Which of the following would be officially classified as unemployed?
a. a school administrator who has been working as a substitute teacher one day per week while looking for a full-time job in administration b. a mathematician who returned to graduate school after failing to find a job the last four months c. a 60-year-old former steel worker who would like to work but has given up actively seeking employment d. a laid-off construction worker waiting to return to a previous job
If Bank A borrows from Bank B, reserves in the banking system __________. If Bank A borrows from the Fed, reserves in the banking system __________
A) rise; fall B) fall; remain unchanged C) remain unchanged; remain unchanged D) remain unchanged; rise E) rise; remain unchanged
Explain carefully, with a diagram, the conditions for immiserizing growth to occur. In particular, discuss the effect of the size of the country, the volume of foreign trade, the type of growth the country experiences, and foreign demand for the exports of the country.
What will be an ideal response?