Multiple Choice
The two key business cycle events in Canadian economic history were
A) the productivity slowdown and the Great Depression.
B) government budget deficits and World War II.
C) the Great Depression and stagflation.
D) World War II and the Great Depression.
E) the Great Depression and government budget deficits.
Correct Answer:
Verified
Correct Answer:
Verified
Q16: Business cycles<br>A)occur every five years in Canada.<br>B)are
Q17: To be useful, macroeconomic models<br>A)never generate testable
Q18: What do we assume about households and
Q19: When there is high inflation<br>A)the nominal interest
Q20: In the 2008-09 recession, the government deficit<br>A)stayed
Q22: New Keynesian Theory<br>A)includes microeconomic foundations and does
Q23: Tax cuts<br>A)cause unemployment.<br>B)will surely make the government
Q24: The unemployment rate in 2018<br>A)was higher than
Q25: Since 1980, the real interest rate<br>A)has increased
Q26: Which of the following is a fundamental