The longest contractionary period in the U.S. Economy since 1854 was how long?
a. 3 ½ years
b. 4 ½ years
c. 5 ½ years
d. 6 ½ years
c
Economics
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In general, GDP per capita is highly correlated with alternative measures of quality of life
a. True b. False Indicate whether the statement is true or false
Economics
If property rights are weak or uncertain, resource extraction will tend to:
A. occur faster than the rate that would maximize the long-run stream of profits. B. occur slower than the rate that would maximize the long-run stream of profits. C. occur at the rate that would maximize the long-run stream of profits. D. stop.
Economics