Every year from 1954 to 1984, the U.S. economy was characterized by higher output and lower prices
a. True
b. False
Indicate whether the statement is true or false
False
You might also like to view...
Which of the following statements are true concerning the labor force participation rate?
i. The labor force participation rate for women in the United States has increased since 1959. ii. The labor force participation rates for women across different countries have converged to about 50 percent. iii. The labor force participation rate for men in the United States has decreased since 1959. A) i and ii B) i, ii and iii C) i and iii D) iii only E) i only
The efficient markets hypothesis implies
a. that all stocks are fairly valued all the time and that no stock is a better buy than any other. b. that all stocks are fairly valued all the time, but that some stocks may be better buys than other. c. that some stocks may be better buys than others and stock experts can determine which ones. d. that no stock is efficiently valued.
Which of the following describes the general effect of tariffs on government revenues as shown in Exhibit 1?
a. eliminated
b. unchanged
c. decreased
d. increased
If an agricultural market is perfectly competitive, then
A. Each firm's demand curve is perfectly inelastic. B. A farmer practices price discrimination. C. The market demand curve is perfectly elastic. D. A farmer is a price taker.