The United States was running a large balance-of-trade deficit
a. during the Depression years of the 1930's.
b. in the years following World War II.
c. in the early 1960's.
d. from the late 1970's through the 1990's.
d. from the late 1970's through the 1990's.
You might also like to view...
If a country's working-age population declines and its wealth increases, then the labor supply curve
A) shifts to the left if the effect of the change in wealth is bigger than the effect of the change in the working-age population. B) shifts to the right if the effect of the change in wealth is bigger than the effect of the change in the working-age population. C) shifts to the left. D) shifts to the right.
Sally's Salon sells haircuts in a perfectly competitive market. As the salon hires additional workers, the marginal revenue product of labor
a. rises whenever the marginal product of labor falls b. is equal to the market price of haircuts c. falls whenever the marginal product of labor falls d. varies only if the market price of haircuts varies e. remains constant
Starting from long-run equilibrium, a war that raises government purchases results in ________ output in the short run and ________ output in the long run.
A. lower; potential B. higher; potential C. higher; higher D. lower; higher
Which of the following is most likely to increase the potential output of an economy?
What will be an ideal response?