Most banks in the United States are owned by the government and operate as nonprofit institutions

If there is inflation, then a firm that has kept its price fixed for some time will have a

a. high relative price. Relative-price variability rises as the inflation rate rises. b. high relative price. Relative-price variability falls as the inflation rate rises. c. low relative price. Relative-price variability rises as the inflation rate rises. d. low relative price. Relative-price variability falls as the inflation rate rises.

The second half of the 1940s was a period of

A. recession. B. no economic growth. C. very slow economic growth. D. fairly high economic growth.