|
Title: The economic cycles of boom and bust have been constant, but the U.S. government did not try to ... Post by: dionswife511 on Mar 11, 2018 The economic cycles of boom and bust have been constant, but the U.S. government did not try to prevent these cycles until what decade?
a. 1820s b. 1860s c. 1910s d. 1930s Question -2- A period of prolonged high unemployment with a period of decline in the gross national product (GNP) is called __________. a. a recession b. a depression c. inflation d. stagflation Question -3- How does one realize an economic depression has taken place? a. significant oil price hikes b. an increase in GDP c. prolonged high unemployment d. government intrusion in the economy Question -4- Even in a full employment economy, __________ percent of the labor force will be out of work. a. zero b. 1 to 2 c. 3 to 5 d. over 6 Question -5- Classical economists would agree that the market adjusts itself __________. a. without government action b. only with government action c. if business is socialized d. without looking at unemployment Question -6- Capitalism __________ promote(s) equality of opportunity. a. never b. may not c. always d. refuses to Title: The economic cycles of boom and bust have been constant, but the U.S. government did not try to ... Post by: study_01 on Mar 11, 2018 Content hidden
Title: The economic cycles of boom and bust have been constant, but the U.S. government did not try to ... Post by: dionswife511 on Mar 11, 2018 Thank you for being my superhero!
|