Economic stagnation and recession result in unemployment and poverty
a. True
b. False
Indicate whether the statement is true or false
True
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In a _____, the state owns all means of production
A. mixed economy B. planned economy C. market economy D. totalitarian state
In the modern U.S. economy, the typical unemployed person stays unemployed for
A) an amount of time that is hard to quantify. B) a long time during expansions and a short time during recessions. C) a relatively long time, over a year. D) a relatively short time, less than six months.
The monetary base is $1,000 billion and the money multiplier is 5.5. What is the size of the money supply?
What will be an ideal response?
For a given technology and a given labor force, labor productivity will be ____ when the capital stock is ____.
A. higher; larger B. lower; larger C. lower; unchanged D. higher; smaller