Promises of "a chicken in every pot" and "two cars in every garage" were made by presidential candidate ________.
Fill in the blank(s) with the appropriate word(s).
Herbert Hoover
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The quantity theory of money is the idea that in the long run
A) the quantity of money is determined by banks. B) the quantity of money serves as a good indicator of how well money functions as a store of value. C) the quantity of money determines real GDP. D) an increase in the growth rate of the quantity of money leads to an equal increase in the inflation rate.
All of the following are shown on a firm's income statement except
A) revenues B) rate of return for investors C) costs D) profits
Compare two economies A and B that start out with identical production possibilities curves. Economy A chooses an efficient point with 6 consumption goods and 3 capital goods, while economy B also chooses an efficient point, but with 4 consumption goods and 5 capital goods. In the future we can predict:
a. economy A will operate inefficiently. b. economy B will operate inefficiently. c. economy A and economy B will grow equally fast. d. economy A will grow faster than economy B. e. economy B will grow faster than economy A.
The aggregate demand curve is downward sloping
a. True b. False Indicate whether the statement is true or false