Which of the following statements is true about the United States over the past fifty years?
A) There is no evidence of political business cycles in the United States.
B) The debt-to-GDP ratio has been roughly constant.
C) Under either party, output growth has been generally higher in the year preceding an election than in other years.
D) none of the above
Question 2
In 1965, Gordon Moore predicted that the number of transistors in a chip would double approximately every
A) 6-12 months.
B) 18-24 months.
C) five years.
D) 10 years.
E) none of the above
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