The most important factor in reversing the economic decline of 1929-1933 was that
A. the federal government finally balanced its budget.
B. the stock market began to rise.
C. people became more optimistic.
D. the federal government began to spend a huge amount of money.
D. the federal government began to spend a huge amount of money.
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A decrease in the dollar price of the English pound will make
What will be an ideal response?
A resource is something that _____
a. is used to produce goods and services. b. is provided by nature, and not produced by society. c. exists in unlimited quantities in developed countries. d. must be produced by a firm. e. is always available free of cost.
During the time period represented in Figure 7.3, the purchasing power of the average workerÂ
A. Decreased because nominal income decreased. B. Stay the same because COLAs reduced purchasing power. C. Decreased because real income decreased. D. Increased because nominal wages increased.
The HHI is calculated by summing the square of the percentage shares of the firms in the market.
Answer the following statement true (T) or false (F)