Multiple Choice
Which of the following happened during World War II?
A) Government purchases of goods and services increased.
B) The real GDP per person decreased by 60 percent.
C) The unemployment rate increased to 15 percent.
D) The long-run aggregate supply shifted to the right.
Correct Answer:
Verified
Correct Answer:
Verified
Q47: An increase in the money supply raises
Q93: When output rises, unemployment falls.
Q194: Which of the following best describes the
Q196: Which of the following shifts the short-run,
Q197: Consider the exhibit below for the following
Q200: Which of the following situations would induce
Q201: Most economists believe that classical economic theory
Q203: Suppose a stock market crash makes people
Q204: Suppose a fall in stock prices makes
Q243: Keynes thought that the behaviour of the