The idea that the U.S. economy would continue to experience rapid gains in productivity and GDP growth was interrupted in 2001.
Answer the following statement true (T) or false (F)
True
In 2001 the economy entered a recession, caused in large part by a sudden drop in investment spending.
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By the percentage of each type of business organization in the United States, rank sole proprietorships, partnerships, and corporations in terms of the number of firms, revenue, and profits
What will be an ideal response?
In the Keynesian model, a build-up of unwanted inventories leads to
A) rising interest rates. B) falling unemployment. C) falling output. D) falling money wages.
When medical fee schedules are negotiated by two monopolists—one representing patients and one representing providers—the equilibrium medical fees will:
a. be less than fees determined by patient groups alone. b. be greater than fees determined by provider groups alone. c. depend on the relative bargaining strengths of the two groups negotiating the fee schedule. d. be less than fees determined in a competitive market. e. be greater than fees determined in a competitive market.
Based on the figure below. Starting from long-run equilibrium at point C, a tax increase that decreases aggregate demand from AD1 to AD will lead to a short-run equilibrium at point ________ and eventually to a long-run equilibrium at point ________, if left to self-correcting tendencies.
A. D; C B. D; B C. A; B D. B; C