The Great Depression was characterized by:
A. the Roaring Twenties.
B. accelerated economic growth.
C. unemployment exceeding 25 percent.
D. firms rapidly expanding their borrowing rates.
Answer: C
Economics
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An economy experiences real growth over time with stable aggregate demand. This would likely result in
A) decreasing prices. B) increased unemployment. C) increasing prices. D) secular inflation.
Economics
Refer to the accompanying figure. For demand curve D1, what is the price elasticity of demand when P = 12?
A. 4 B. 12 C. 3 D. 6
Economics