Which statement is true?
A. There were no recessions during the 1980s.
B. The 1920s was not a prosperous decade.
C. The federal government played a significant role during Dwight Eisenhower's presidency.
D. The longest recession since World War II began in 1990.
C. The federal government played a significant role during Dwight Eisenhower's presidency.
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Explain how the Fed's response to inflation works its way through the economy to ultimately affecting real GDP and the price level
What will be an ideal response?
If the U.S. imposed import quotas on cotton, then which of the following would rise?
a. the U.S. real exchange rate and U.S. net exports b. the U.S. real exchange rate but not U.S. net exports c. U.S. net exports but not the U.S. real exchange rate d. neither the U.S. real exchange rate nor U.S. net exports