After the September 11, 2001 terrorist attacks, non-defense, non-homeland security government spending
A. increased, but at a rate almost exactly the same as it had before the attacks.
B. increased at a rate much faster than it had before the attacks.
C. was cut.
D. increased, but at a rate much slower than it had before the attacks.
Answer: B
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The 1990s and 1920s have which of the following in common?
(a) Growth in real output, real output per person, employment and productivity (b) Changes in the levels of nominal output, money supply and participation in the stock market (c) Similar expansions in the stock markets at the end of each period (d) All of the above
Which of the following must occur as a result of ceilings on apartment rents that are set below market clearing rental rates?
A) Property owners respond to the ceilings by increasing maintenance and repairs. B) Property owners respond to the ceilings by constructing new apartment buildings. C) There is a decrease in the quantity of apartments that prospective tenants wish to rent. D) There is a decrease in the quantity of apartments that property owners offer for rent.
If the value of the euro increases relative to the U.S. dollar, then French goods will be less expensive in the U.S
a. True b. False
In the circular-flow diagram, which of the following items flows from firms to households through the markets for the factors of production?
a. goods and services b. land, labor, and capital c. dollars spent on goods and services d. wages, rent, and profit