Which statement is true?
A. The recessions of 1973-1975 and 1981-1982 were both mild.
B. The recessions of 1973-1975 and 1981-1982 were both severe.
C. The recession of 1973-1975 was mild; the recession of 1981-1982 was severe.
D. The recession of 1973-1975 was severe; the recession of 1981-1982 was mild.
B. The recessions of 1973-1975 and 1981-1982 were both severe.
You might also like to view...
If nominal GDP is $2,000 billion and the GDP price index is 120, then real GDP is ________ billion
A) $2,000 B) $1,667 C) $16.67 D) $240 E) $6
Are funds available on a credit card included in a definition of the money supply?
a. Yes, because these funds can be used to pay for goods and services. b. Yes, because these funds are included in M2. c. No, because these funds are hard to measure total credit card spending. d. No, because these funds are not a store of value.
ch1.What does the expression "There's no such thing as a free lunch" mean?
What will be an ideal response?
Human capital is
A) what people get from physical capital. B) the accumulation of skills, training and education of workers. C) the value of funds that entrepreneurs obtained from other people. D) the human resources that perform the function of raising capital.