Author Question: In the history of the U.S. economy, which economic era saw both high unemployment and high inflation ... (Read 91 times)

AEWBW · **on:** Jun 30, 2018

In the history of the U.S. economy, which economic era saw both high unemployment and high inflation at the same time?
a. After the Great Depression to the early 1970s
b. Since the early 1980s
c. The colonial period
d. Before and during the Great Depression
e. From the early 1970s to the early 1980s

Question 2

The marginal revenue product of a resource is:
a. the marginal product of the resource multiplied by the price of the product it helps to produce.
b. the price of the product times the price of the resource.
c. larger when the product price is smaller.
d. larger when the marginal product is smaller.