Which of the following is true?
A. Twenty-five percent of Americans were officially unemployed in 1933.
B. The United States' economy expanded steadily from 1933 to 1937.
C. Once the Great Depression began in 1929, the United States' economy moved steadily downhill until 1933.
D. All of the choices are true.
D. All of the choices are true.
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The health care system in the United States is referred to as ________, a system where private doctors and hospitals provide almost all health care services
A) a single-payer system B) a universal health insurance system C) socialized medicine D) a private health care system
Corporate managers and shareholders do not always have the same goals
Indicate whether the statement is true or false
In the market for chewing gum, the current price is 50 cents per pack and 100,000 packs are sold. Which of the following events would lead to a new equilibrium price of 60 cents and quantity of 90,000 packs?
a. an increase in the price of other kinds of candy b. an increase in the price of the ingredients used to make chewing gum c. a decrease in the number of young people in the population d. an agreement by workers in the chewing gum industry to work for lower wages e. an increase in income
The theory of adaptive expectations points out that when a shift in aggregate demand occurs, people and businesses will rationally expect its impact on output and employment to be temporary and its impact on the price level to be permanent
a. True b. False Indicate whether the statement is true or false