Multiple Choice
Which of the following assertions is false?
A) The Great Depression was a typical business cycle.
B) Very rapid growth occurred during World War II.
C) Real GDP per capita dipped about 30% during the Great Depression.
D) On average, the U.S. economy grows at a rate of 2.1%.
Correct Answer:
Verified
Correct Answer:
Verified
Q6: A useful macroeconomic model<br>A) is extremely realistic.<br>B)
Q7: The major contributor to the long-run improvement
Q8: International trade between two countries<br>A) benefits only
Q9: In the second half of the twentieth
Q10: A productivity slowdown was observed from the<br>A)
Q12: When we say the U.S. economy has
Q13: The real interest rate is<br>A) always positive.<br>B)
Q14: Inflation is defined as<br>A) the rate of
Q15: Which of the following topics is NOT
Q16: What is produced and consumed in the