Each of the following facts about the economy of the United States over the decade of the 1990s is true except
A) real GDP has grown at an average rate of 3.7 percent per year.
B) the unemployment rate has fluctuated around an average level consistent with stable inflation of 4.5 to 5.0 percent.
C) net exports have been consistently positive.
D) the inflation rate has averaged about 1.8 percent per year.
Correct Answer:
Verified
Q1: The questions with which Chapter 9 is
Q2: The questions with which Chapter 9 is
Q3: The questions with which Chapter 9 is
Q5: The flexible-price model does not give a
Q6: Fluctuations in real GDP are called
A) business
Q7: In the expansion or boom phase of
Q8: In the recession or depression phase of
Q9: In the expansion or boom phase of
Q10: In the recession or depression phase of
Q11: To understand business cycles, we need a
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