During World War II, _______ percent of the United States' output was devoted to the war effort.
Fill in the blank(s) with the appropriate word(s).
40
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When a market is in equilibrium:
A. there is either excess demand or excess supply. B. there is neither excess demand nor excess supply. C. both excess demand and excess supply are positive. D. both excess demand and excess supply are positive and equal to each other.
The expenditure approach for the calculation of GDP includes spending on:
a. consumption, investment, durable goods and exports. b. consumption, gross private domestic investment, government spending for goods and services, and exports. c. consumption, gross private domestic investment, government spending for goods and services, and net exports. d. consumption, net private domestic investment, government spending for goods and services, and net exports. e. consumption, gross private domestic investment, all government spending including transfer payments, and net exports.
The market demand curve shows how the total quantity demanded of a good varies as the income of buyers varies, while all the other factors that affect how much consumers want to buy are held constant
a. True b. False Indicate whether the statement is true or false
Which of the policies of the U.S. Federal Reserve would most closely match the monetary policy most often used by the ECB?
A) open-market operations B) discount policy C) margin requirements D) reserve requirements changes