The years from 1933 to 1937 are notable for ________.
A) high unemployment,despite rapid growth of real output
B) low unemployment,despite sluggish output growth
C) persistent deflation,despite rising unemployment
D) the creation of the Federal Reserve System
E) none of the above
Correct Answer:
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Q38: Which of these economic variables is procyclical?
A)unemployment
B)the
Q39: GDP is a good proxy for the
Q40: Which of these economic variables is procyclical?
A)inflation
B)unemployment
C)the
Q41: The policies of the U.S.Federal Reserve probably
Q42: Classical economists believe that _.
A)it takes a
Q44: The U.S.economy of the 1970s is typically
Q45: During the period from 1970 to the
Q46: In the 1970s,the U.S.economy _.
A)grew at a
Q47: What does the U.S.business cycle experience suggest
Q48: The U.S.economy of the late 1920s and
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