Since 1970, the United States experienced stagflation
A. only in the 1970s and early 1980s.
B. only after the recession of 1990-1991.
C. only during the recession of 2008-2009.
D. throughout the 2000s.
Answer: A
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In 2013, what was the U.S. export of goods and services as a percentage of GDP?
a. 13.5% b. 16.2% c. 45.6% d. 29.8%
Which of the following is the correct way to show the effects of a newly imposed import quota?
a. shift the demand for loanable funds left, the supply of dollars in the market for foreign- currency exchange left, and the demand for dollars in the market for foreign-currency exchange right b. shift the demand for loanable funds left, the supply of dollars in the market for foreign- currency exchange right, and the demand for dollars in the market for foreign-currency exchange left c. shift the demand for dollars in the market for foreign-currency exchange to the right d. shift the supply of dollars in the market for foreign-currency exchange to the left
The real minimum wage has increased significantly over the last 40 years.
Answer the following statement true (T) or false (F)
The growth of real GDP per person in the United States between 1960 and 2016 was the result of:
A. neither the growth in average labor productivity nor the share of population employed. B. growth in both average labor productivity and the share of population employed. C. growth in the share of population employed only. D. growth in average labor productivity only.