Since 1870 in Canada, there has been
A) too many business cycles to sustain economic growth.
B) sustained economic growth.
C) only small growth in average incomes.
D) sustained economic growth until the Great Depression followed by little growth since.
E) GDP measured in 2012 dollars is largely unchanged.
Correct Answer:
Verified
Q14: The inflation rate has been low in
Q15: In a competitive equilibrium, we assume that
Q16: Tax cuts
A)cause unemployment.
B)will surely make the government
Q17: Business cycles
A)occur every five years in Canada.
B)are
Q18: More government spending
A)can compete with private spending
Q20: According to the Lucas critique, the effects
Q21: The development most responsible for the wide-spread
Q22: The business cycle component of the log
Q23: The basic structure of a macroeconomic model
Q24: Which of the following best describes the
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