Which of the following is an accurate statement concerning the macroeconomy of the United States?
A. Politics never takes precedence over the country's economic problems.
B. The goals of full employment, price stability and vigorous economic growth are frequently met.
C. The ups and downs of the business cycle have been more severe since World War II.
D. The economy continues to experience the ups and downs of the business cycle.
Answer: D
You might also like to view...
The general rule for benefit maximization suggests that in personal equilibrium:
A) the ratio of total benefits to price should be identical across all goods. B) the ratio of total benefits to income should be identical across all goods. C) the ratio of marginal benefits to price should be identical across all goods. D) the ratio of marginal benefits to income should be identical across all goods.
Explain three of the shortcomings of the free-enterprise system
What will be an ideal response?
The M2 money supply is represented by
A) M2 = × MB. B) M2 = × . C) MB = × M2. D) MB = × .
Which of the following is NOT an attempt to evade rent controls?
A) make life unpleasant for tenants B) require tenants to get furniture from the landlord C) subletting D) using the courts to challenge the sublease of a tenant