Which of the following statements best describes the US economy between 1921 and 1928?
a. Most of the major sectors were growing very rapidly
b. Hyperinflation led to large decreases in the standard of living
c. Real average wage growth was stagnant
d. Unemployment fluctuated dramatically
a. Most of the major sectors were growing very rapidly.
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Refer to above Table 2-1. What is the level of Net Private Domestic Investment?
A) 420 B) 780 C) 380 D) 340
A nation running a persistent balance of payments surplus while part of a fixed exchange rate system would be required to __________ international reserves in an effort to prevent its currency from __________
A) amass; appreciating B) amass; depreciating C) pay out; appreciating D) pay out; depreciating
If a change in the U.S. price level caused U.S. imports to increase, it must be true that the price level:
A. increased. B. decreased. C. became negative. D. became elastic.
In some nations, the government pays parents to send their children to school. There is ________ that these payments ________ school attendance.
A. no evidence; increase or decrease B. some evidence; increase C. no evidence; increase D. some evidence; actually decrease