Which statement is true?
A. There were no recessions during the 1980s.
B. The 1920s was not a prosperous decade.
C. The federal government played a significant role during Dwight Eisenhower's presidency.
D. The longest recession since World War II began in 1990.
C. The federal government played a significant role during Dwight Eisenhower's presidency.
You might also like to view...
An increase in the effective tax rate on capital would cause the IS curve to
A) shift up and to the right. B) shift down and to the left. C) remain unchanged. D) remain unchanged if taxes are fully deductible from income; otherwise, shift up and to the right.
During a recession:
a. Government spending automatically falls and taxes automatically rise. b. Government spending and taxes automatically fall. c. Government spending and taxes do not tend to change. d. Government spending rises automatically and taxes fall automatically. e. None of the above.
Which of the following was not a contributing factor to the housing market boom of the 2000s?
A. Mortgages with no or little money down B. Scant concern given to people's ability to meet the mortgage payment C. Low interest rates D. The merging of large banks giving them more assets
The more excess reserves banks choose to keep
A) the larger the deposit multiplier. B) the smaller the deposit multiplier. C) the higher the required reserve ratio. D) the lower the required reserve ratio.