Exam 16: Changes in the Macroeconomy and Changes in Macroeconomic Policy

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The standard analysis of how the Japanese economy

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Each of the following is a fact about the Great Depression except

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Improvements in information technology

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In the twentieth century, the bulk of the improvements in labor productivity

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Since the mid-1980s the U.S. economy

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The automatic stabilizers which have been developed in the last 100 years to help dampen the business cycle include each of the following except

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Investment spending initially __________ after 1929 due to _______ real interest rates, then remained low for the rest of the decade because ____________.

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If international trade continues to increase,

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The questions with which Chapter 16 is concerned include each of the following except

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Nominal interest rates decreased after 1929,

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Between the United States Civil War in the 1860s and the end of the twentieth century the share of the U.S. labor force engaged in agriculture

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In the 1990s in Japan

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If liquidity constraints - the inability to borrow - continue to decrease for households,

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In western Europe since the 1970s

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Each of the following is a fact about the Great Depression except

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Changes that will transform the macroeconomy in the future include each of the following except

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If international trade continues to increase,

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The potential for a stock market and a real estate price collapse to become a real problem

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Data indicate that the U.S. economy prior to World War I

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If liquidity constraints - the inability to borrow - begins to increase for households,

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