Empirical evidence suggests that the United States ran close to a balanced budget during the World War II
a. True
b. False
Indicate whether the statement is true or false
False
You might also like to view...
Which statement is most accurate about the U.S. between 1840 and1860?
a. The per capita income of free people in the West South Central was about twice the national average. b. The per capita income of free people in the entire U.S. decreased. c. The per capita income of free people in the entire U.S. increased, but increased more slowly than it did before the Revolution. d. The Northeast was the poorest part of the nation, as measured by per capita income of free people.
If a person has money in a bank account that pays 4% interest, but inflation rises to 5%, then the real rate of return for the money invested in that bank account is
a. 1%. b. -1%. c. 2%. d. 9%.
Human capital refers to the:
A. production per capita. B. skills, experience, and natural talent that determine the productivity of workers. C. the machinery and tools that labor can use for production. D. amount of people a firm has access to for production.
The “investment” component of aggregate demand will include all of the following except
A. expenditures of business firms on new plants. B. expenditures of business firms on new equipment. C. resales of existing physical assets. D. household spending on new homes.