Since 1970, the United States has experienced 5 ________ periods and 2 ________ periods.
A. inflationary; expansionary
B. recessionary; inflationary
C. recessionary; expansionary
D. stagflationary; deflationary
Answer: B
You might also like to view...
The M1 money supply consists of:
a. only coins and currency held by the nonbank public b. certificates of deposit only. c. coins and currency held by the nonbank public, checkable deposits, and traveler's checks. d. money market mutual fund accounts, savings accounts, and other miscellaneous near-monies. e. only paper currency.
In the United States, most of the government's taxing and spending is
A) to stabilize the economy and move it to its potential output. B) to bring about greater income equality. C) to keep inflation at a moderate level. D) for purposes other than economic stabilization.
Recall the Application about craft beer and the increase in the price of hops to answer the following question(s).Recall the Application. An increase in the production of beer resulted in the demand for hops because hops are ________ to beer.
A. inputs B. completely unrelated C. complements D. substitutes
To be useful, a model must
A. have assumptions that have been verified by empirical testing. B. predict accurately all of the time. C. predict more accurately than other models that have been developed. D. predict the behavior of every individual.