Since the 1950s, total private sector expenditures in the United States fell by half to 50 percent of GDP
a. True
b. False
Indicate whether the statement is true or false
False
You might also like to view...
After World War II, the United States has pursued a broad policy of
A) strengthening "Fortress America" protectionism. B) removing barriers to international trade. C) isolating Iran and other members of the "axis of evil." D) protecting the U.S. from the economic impact of oil producers. E) restricting trade of manufactured goods.
Imagine a budget line depicting a consumer's possible allocation of a given income between fruit and vegetables. If the consumer's income increases at the same time the price of vegetables rises, the budget line's intercept with the
a. fruit axis will be unaffected b. fruit axis will move toward the origin c. vegetable axis will be unaffected d. fruit axis will move toward the origin e. vegetable axis might remain unchanged, move toward the origin, or move away from the origin
The asset demand for money is affected by:
A. Interest rates B. Prices C. Incomes D. Investment E. Savings
An expansionary fiscal policy can:
(a) Raise the national debt; (b) Decrease the national debt; (c) Have no effect on national debt; (d) None of above.