The national debt increased approximately sixfold between
a. 1980 and 2000
b. 1945 and 1965
c. 1965 and 1975
d. 1960 and 1970
e. 1970 and 1980
A
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With rent controls, which of the following is most likely to occur?
A) decreased search activity B) black market activity C) a building boom D) a housing surplus
To non-activists, which of the following is the most useful stabilization policy?
A) procyclical monetary and fiscal policy changes B) countercyclical monetary changes C) government spending changes D) None of these.
Reasons for studying economics include
a. all of the following b. to better understand world issues by applying the tools of economic analysis c. to help design more effective solutions to society's problems d. to help prepare for careers in fields such as law and politics e. to better understand the impact of world events on an individual's life
By 1975, government expenditures were about ______ of GDP.
a. one-fourth b. one-third c. one-half d. two-thirds