The 1930s were a period of
a. strong economic expansion and rapid growth of real output.
b. high rates of inflation coupled with a low rate of unemployment.
c. depressed economic conditions and prolonged high rates of unemployment.
d. strong growth of real output even though the general level of prices was declining.
C
You might also like to view...
In order to have an effect, a price ceiling must be set ________
A) above the equilibrium price B) equal to the equilibrium price C) below the equilibrium price D) by suppliers
Explain why the intersection of the best-response functions is the Cournot equilibrium
What will be an ideal response?
A bank provides:
A. liquidity; that is, access to cash when and where you want it. B. liquidity; that is, it connects buyers to sellers to ease saving and borrowing. C. risk diversification; that is, access to cash when and where you want it. D. risk diversification; that is, connecting buyers and sellers to ease saving and borrowing.
A Texas oil company extracts petroleum and sells it to a refinery for $1,000 . After processing, the refinery sells the gasoline to a wholesaler for $1,500, who then sells it to a gas station for $1,700 . The gas station sells it to customers for $2,500 . In these transactions, how much has been added to GDP?
a. $1,000 b. $1,500 c. $1,700 d. $2,500 e. $6,700