Which statement about the U.S. economy is FALSE?
A) Since the Second World War, aggregate output has grown more slowly than the population.
B) Since the Second World War, aggregate output has grown more rapidly than the population.
C) Since the Second World War, macroeconomic policy has helped make the economy more stable.
D) Long-run growth per capita is the key to higher wages and a rising standard of living.
Correct Answer:
Verified
Q93: Which statement is TRUE?
A) Inflation means an
Q94: Economists use the term long-term growth to
Q95: A depression occurs when:
A) both output and
Q96: If wages grew at 5% last year
Q97: Which statement is TRUE?
A) In the past
Q99: If workers' nominal wages have risen by
Q100: Long-run growth is the:
A) sustained upward trend
Q101: Inflation affects people adversely because:
A) nominal income
Q102: Which statement is CORRECT?
A) Supply and demand
Q103: Price stability occurs when:
A) the overall price
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