In the period 1960–95, the cycles of upturns and downturns in the economy (booms and recessions)
(a) were eliminated as knowledge of how the economy operated grew.
(b) continued to occur, although not nearly as severely as prior to World War II.
(c) grew even worse than prior to World War II.
(d) were equally as bad as the period prior to World War II.
(b)
Economics
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Suppose your bank pays you 5 percent interest per year on your savings account. If prices increase by 5 percent per year over that time, approximately how much real value do you gain by keeping $100 in the bank for a year?
A) $0 B) $1 C) $3 D) $6
Economics
Money market mutual funds sell shares to investors and use the money to buy
A) mortgage-backed securities. B) foreign currency. C) short-term securities. D) overseas assets through foreign direct investment.
Economics