After World War II, which of the following about the value of homes is not true?
A. It remained relatively unaffected by inflation.
B. They were unaffected by recessions until the 2000s.
C. On average they did not fall for 60 years.
D. They seemed immune to the business cycle.
Answer: A
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The larger the marginal propensity to save, other things constant, _____
a. the larger the marginal propensity to consume b. the larger the multiplier c. the flatter the consumption function d. the flatter the saving function e. the steeper the consumption function
The equilibrium wage rate is determined by
A. Market labor supply and market labor demand. B. Labor unions. C. Firms but not individuals. D. Individuals but not firms.
Answer the following questions true (T) or false (F)
1. Stocks represent partial ownership of a firm. 2. Dividends are the interest rates paid on stocks. 3. Both stocks and bonds have maturity dates.
How do governments in the United States redistribute income?
What will be an ideal response?