Multiple Choice
Which of the following was NOT true during the Great Depression?
A) investment as a share of GDP was below 3 percent
B) unemployment averaged about 18.8 percent
C) prices dropped by one-fourth
D) output fell by nearly 30 percent
E) both B and C
Correct Answer:

Verified
Correct Answer:
Verified
Q2: Most economists prior to Keynes thought that<br>A)unemployment
Q3: The slope of the AS-curve becomes steeper<br>A)as
Q4: Supply-side economics involves policy measures designed to<br>A)encourage
Q5: If factor markets were perfectly competitive, then
Q6: In the classical supply curve case, monetary
Q8: Given the Keynesian AS-curve, expansionary monetary policy
Q9: The Keynesian AS-curve implies that<br>A)the economy is
Q10: If restrictive monetary policy leads to a
Q11: To maintain a fixed level of aggregate
Q12: The natural rate of unemployment is<br>A)always zero<br>B)the