Multiple Choice
During the Great Recession,long-run aggregate supply decreased.This was caused by a(n)
A) advancement in technology.
B) decrease in income and business tax rates.
C) increase in immigration to the United States.
D) breakdown in the loanable funds market.
E) increase in the U.S.labor force.
Correct Answer:
Verified
Correct Answer:
Verified
Q53: The stock market crash in _ is
Q54: During the Great Depression,aggregate demand in the
Q55: If you asked a classical economist which
Q56: The Great Depression is commonly thought to
Q57: During the Great Depression,real gross domestic product
Q59: Classical economists believe that government intervention in
Q60: When U.S.housing prices declined prior to and
Q61: The Great Recession lasted from _ to
Q62: During the Great Recession,a major financial crisis
Q63: Classical economists believe that<br>A) prices are sticky.<br>B)