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

Author Question: What does Simon Kuznet's (1958) study on the U.S. economy show? (a) Short swings in the U.S. ... (Read 73 times)

beccaep

  • Hero Member
  • *****
  • Posts: 535
What does Simon Kuznet's (1958) study on the U.S. economy show?
 
  (a) Short swings in the U.S. business cycles but steady, stable growth in
  Real Gross Domestic Product
  (b) Immigrants to the U.S. were attracted by the secular increases in U.S. real wages
  and incomes
  (c) A decrease, not increase, in net U.S. migration from 1860 to 1910
  (d) No movement in capital, only humans, across the Atlantic economy
  from 1860 to 1910

Question 2

The idea that hysteresis plays a role in macroeconomics implies that
 
  a. monetary policy can have an effect on the natural rate of unemployment.
  b. workers can overreact to changes in monetary policy.
  c. stabilization policy is ineffective and counterproductive.
  d. fiscal policy is ineffective and counterproductive.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

otokexnaru

  • Sr. Member
  • ****
  • Posts: 314
Answer to Question 1

(b)

Answer to Question 2

A




otokexnaru

  • Sr. Member
  • ****
  • Posts: 314

 

Did you know?

As of mid-2016, 18.2 million people were receiving advanced retroviral therapy (ART) worldwide. This represents between 43–50% of the 34–39.8 million people living with HIV.

Did you know?

Hip fractures are the most serious consequences of osteoporosis. The incidence of hip fractures increases with each decade among patients in their 60s to patients in their 90s for both women and men of all populations. Men and women older than 80 years of age show the highest incidence of hip fractures.

Did you know?

Approximately one in four people diagnosed with diabetes will develop foot problems. Of these, about one-third will require lower extremity amputation.

Did you know?

As many as 28% of hospitalized patients requiring mechanical ventilators to help them breathe (for more than 48 hours) will develop ventilator-associated pneumonia. Current therapy involves intravenous antibiotics, but new antibiotics that can be inhaled (and more directly treat the infection) are being developed.

Did you know?

This year, an estimated 1.4 million Americans will have a new or recurrent heart attack.

For a complete list of videos, visit our video library