The most likely explanation of the recession of 1981-1982 was
A) an increase in energy prices.
B) a collapse in investment spending.
C) that it was an unfortunate byproduct of a decrease in inflation.
D) a dramatic decrease in stock prices.
Correct Answer:
Verified
Q59: The U.S. government budget was
A) continuously in
Q60: The idea that government budget deficits do
Q61: An increase in energy prices is a
Q62: Real interest rates were negative during most
Q63: The real interest rate is
A) always positive.
B)
Q65: Which period was not a recession in
Q66: When there is positive inflation
A) the nominal
Q67: Inflation is defined as
A) the rate of
Q68: Asymmetric information is:
A) information revealed by economic
Q69: Limit commitment occurs when
A) collateral is required
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