The deep recession of 1973-1975 was mainly caused by
A) flawed technology that caused a drop in TFP.
B) an unexplained drop in business optimism.
C) slower money growth.
D) higher oil prices.
Correct Answer:
Verified
Q19: The entire sequence of a decline in
Q20: When aggregate economic activity is declining,the economy
Q21: The 1973-1975 recession was caused by
A)the Fed's
Q22: Persistence is
A)the tendency for declines in economic
Q23: When a recession occurs,do economists expect it
Q25: The longest contraction in American history occurred
A)during
Q26: The long boom occurred in the
A)1920s and
Q27: The worst recessions after World War II
Q28: The idea that the business cycle is
Q29: The Great Recession began in _ and
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