Which of the following is true?
A. Twenty-five percent of Americans were officially unemployed in 1933.
B. The United States' economy expanded steadily from 1933 to 1937.
C. Once the Great Depression began in 1929, the United States' economy moved steadily downhill until 1933.
D. All of the choices are true.
D. All of the choices are true.
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The "stagflation" of the 1970s ________ Keynesian macroeconomics until the Keynesians started to build the consequences of changing inflationary expectations and ________ shocks into their models
A) reinforced the dominance, supply B) reinforced the dominance, demand C) deepened the eclipse, supply D) deepened the eclipse, demand
According to Simon Kuznet's (1958) research, the pattern of immigration in 1865–1914
(a) showed long swings but not the short-term business cycle fluctuations. (b) showed no long swings in the 1820–1860 period, but did show the business cycle. (c) showed both business cycle patterns and long swing patterns. (d) unlike 1820–1860, showed neither short cycles nor long swings, but was instead a steady surge after the Civil War ended.
A numerical limit imposed by a government on the quantity of a good that can be imported into the country is called a
A) barricade. B) quota. C) tariff. D) quantity floor.
Which would most likely shift the aggregate supply curve? A change in:
A. government spending. B. excess capacity in business. C. prices of imported resources. D. consumer expectations.