Private investment spending escalated during the post-World War II era (1945–50)
Indicate whether the statement is true or false
True
You might also like to view...
The real business cycle school of thought is generally viewed as controversial because
A) it blames unemployment on immigration. B) it contradicts classical economic thought. C) critics find it difficult to understand how many of the post-World War II recessions could be explained by adverse changes in technology. D) all of the above.
Suppose a pickpocket steals your $20 bill and spends all of it on pizza and beer. What happens to GDP?
A) GDP increases by twenty dollars. B) GDP decreases by twenty dollars. C) Because the positive balances out the negative, GDP remains unchanged. D) GDP decreases because somebody has clearly been made worse off.
If the government removes a binding price ceiling in a market, then the producer surplus in that market will increase
a. True b. False Indicate whether the statement is true or false
In a country with a working-age population of 30 million, 18 million are employed, 2 million are unemployed and 2 million of the employed are working part-time, half of whom wish to work full-time. The labour force participation rate is
A) 60 percent. B) 66.7 percent. C) 53.3 percent. D) 73.3 percent E) none of the above.