The economic expansion which began in 1933 was due to
A. the fact that business had hit bottom and was ready to rebound.
B. The efforts of the Roosevelt Administration to stimulate the economy.
C. Both the efforts of the Roosevelt Administration and the readiness of business to rebound.
D. Neither the efforts of the Roosevelt Administration nor the readiness of business to rebound.
C. Both the efforts of the Roosevelt Administration and the readiness of business to rebound
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The U.S. economy is unique for both its size and prosperity.
Answer the following statement true (T) or false (F)
When drawn against the real interest rate, the output supply curve unambiguously shifts to the right if
A) current capital decreases. B) current total factor productivity decreases. C) future total factor productivity decreases. D) current or future taxes increase.
If the demand for hand-sewn leather shoes increases, it is highly likely the demand for:
A. leather will decrease. B. skilled sewers will increase. C. needle and thread will decrease. D. all shoe-types will also increase.
With regard to environmental programs and regulations, economic analysis indicates that
a. environmental quality is something that people value and, therefore, are willing to pay for. b. people value many other things, but environmental values always come first. c. income levels exert little impact on the demand for environmental quality. d. the cost of an environmental policy matters little if the policy provides environmental health benefits.