From 2000 to 2001, the U.S. economy's annual growth rate slowed down abruptly.
Answer the following statement true (T) or false (F)
True
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According to the text, economists consider full employment to occur when
A) the sum of frictional unemployment and structural unemployment equals zero. B) the unemployment rate consists of only frictional and structural unemployment. C) frictional unemployment equals zero. D) everyone who wants a job has a job.
Which of the following methods was NOT used to help the North finance the Civil War (1861–1865)?
(a) Selling large amounts of bonds (b) Issuing fiat Federal paper money (c) Raising taxes (d) Selling confiscated property
Property rights to resource uses are assigned to owners of the firm to avoid
A) hold-up problems. B) externalities. C) value creation. D) normal profits to the company as a whole.
The development of game theory was the work of
a. Joan Robinson and Edward Chamberlin. b. John von Neumann and Oskar Morgenstern. c. Wassily Leontief and Joseph Schumpeter. d. John Maynard Keynes.