Business cycles in the United States after World War II have been
a. more severe than before the war.
b. less severe than before the war.
c. the same as the pre-war cycles.
d. easier to predict than the pre-war cycles.
b
You might also like to view...
Answer the following statement(s) true (T) or false (F)
1. The price of a good accurately reflects the total value it creates for society. 2. The Invisible Hand Theorem shows that competitive markets create the maximum possible social gain, even when all interactions among the markets are taken into account. 3. In an Edgeworth box, all Pareto-optimal allocations lie within the region of mutual advantage. 4. In an Edgeworth box economy, a competitive equilibrium must lie on the contract curve within the region of mutual advantage. 5. The gains from international trade are greatest when a country's autarkic relative prices are similar to the world relative prices.
If the government stops granting temporary work permits to foreign nationals, the demand for labor will ________, the supply of labor will ________, and the quantity of labor hired will ________
A) increase; decrease; decrease B) increase; decrease; remain the same C) remain the same; increase; decrease D) remain the same; decrease; decrease
"The short-run Phillips curve is vertical at the natural unemployment rate." Is the previous statement correct or incorrect?
What will be an ideal response?
If a country has $2.4 billion of net exports and purchases $4.8 billion of goods and services from foreign countries, then it has
a. $7.2 billion of exports and $4.8 billion of imports. b. $7.2 billion of imports and $4.8 billion of exports. c. $4.8 billion of exports and $2.4 billion of imports. d. $4.8 billion of imports and $2.4 billion of exports.