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

The standard analysis of how the Japanese economy

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

Improvements in information technology

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

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

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

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

If international trade continues to increase,

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

Nominal interest rates decreased after 1929,

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

In the 1990s in Japan

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

In western Europe since the 1970s

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

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

If international trade continues to increase,

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

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

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