In the four decades from 1860 to 1900, the U.S. population nearly tripled. Real Gross Domestic Product (GDP)
(a) fell by more than the amount by which the population increased.
(b) fell by the same amount by which the population increased.
(c) rose at about the same rate as the population increase.
(d) increased by even more than the population increase.
(d)
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In the United States today, the government will exchange gold or silver for paper money
Indicate whether the statement is true or false
Looking at the historical values for annual inflation in the United States as measured by the Consumer Price Index, it is clear that inflation was
A) higher on average during the 1990s than during the 1970s. B) higher on average during the 2000s than during the 1970s. C) never less than 0 percent at any time during the last 50 years. D) higher on average during the 1970s than during the 1980s. E) was never greater than 10 percent at any time during the last 50 years.