During the Great Recession, RGDP fell ______, but during the Great Depression it fell ______.
a. 4%; 27%
b. 27%; 4%
c. 50%; 90%
d. 90%; 50%
a. 4%; 27%
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Over the past century, the growth rate of real GDP in the United States has averaged approximately
a. 1 percent. b. 3 percent. c. 6 percent. d. 10 percent.
Social Security is an income support program, designed primarily to maintain the living standards of the poor
a. True b. False Indicate whether the statement is true or false
Suppose a Starbucks tall latte costs $4.00 in the United States and 2.50 euros in the Euro area. Also, suppose a McDonald's Big Mac costs $4.50 in the United States and 3.60 euros in the Euro area. If the nominal exchange rate is .80 euros per dollar, which goods have prices that are consistent with purchasing-power parity?
a. both the tall latte and the Big Mac b. the tall latte but not the Big Mac c. the Big Mac but not the tall latte d. neither the Big Mac nor the tall latte
Who promised "two cars in every garage and a chicken in every pot?"
A. Herbert Hoover B. Franklin D. Roosevelt C. Dwight D. Eisenhower D. John F. Kennedy