In the United States, the average length of expansions from 1950 to 2009 was more than twice as long than they were from 1900 to 1950
Indicate whether the statement is true or false
TRUE
You might also like to view...
This Application addresses the economic concept of
A) procyclical investment. B) financial intermediaries. C) present value. D) the multiplier-accelerator model.
In 2006, the Bank of Japan adopted a policy framework focusing on
A) expected inflation one to two years in the future. B) current inflation. C) maintaining a fixed exchange rate. D) the growth in the money supply.
After an increase in the demand for construction workers, the market will attain its new long-run equilibrium faster if
A) wages are flexible. B) wages are inflexible, forcing new people to enter the market. C) unions restrict the number of new construction workers. D) people ignore the shortage in the short run.
Which of the following are likely to increase investment and as a result, aggregate demand?
a. decreased demand for investment goods b. falling real interest rates c. rising real interest rates d. increased business taxes