This topic contains a solution. Click here to go to the answer

Author Question: Which of the following is true of the business cycle record of the United States? a. Recessions ... (Read 87 times)

evelyn o bentley

  • Hero Member
  • *****
  • Posts: 564
Which of the following is true of the business cycle record of the United States?
 a. Recessions have been lengthier during the last two decades than was true prior to 1980.
  b. Real GDP contracted throughout most of the 1950s.
  c. Real GDP in 2000 was approximately the same as 1950.
  d. Since 1950, the fluctuations in GDP have been less severe than before 1950.

Question 2

Other factors held constant, a decrease in resource prices will shift the aggregate:
 a. demand curve leftward.
  b. demand curve rightward.
  c. supply curve leftward.
  d. supply curve rightward.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

thall411

  • Sr. Member
  • ****
  • Posts: 332
Answer to Question 1

d

Answer to Question 2

d




evelyn o bentley

  • Member
  • Posts: 564
Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review


Jsherida

  • Member
  • Posts: 314
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

Did you know?

Approximately 70% of expectant mothers report experiencing some symptoms of morning sickness during the first trimester of pregnancy.

Did you know?

ACTH levels are normally highest in the early morning (between 6 and 8 A.M.) and lowest in the evening (between 6 and 11 P.M.). Therefore, a doctor who suspects abnormal levels looks for low ACTH in the morning and high ACTH in the evening.

Did you know?

The newest statin drug, rosuvastatin, has been called a superstatin because it appears to reduce LDL cholesterol to a greater degree than the other approved statin drugs.

Did you know?

As many as 20% of Americans have been infected by the fungus known as Histoplasmosis. While most people are asymptomatic or only have slight symptoms, infection can progress to a rapid and potentially fatal superinfection.

Did you know?

It is widely believed that giving a daily oral dose of aspirin to heart attack patients improves their chances of survival because the aspirin blocks the formation of new blood clots.

For a complete list of videos, visit our video library