The highest and most prolonged period of unemployment in the United States over the last 125 years occurred during
A. World War II.
B. the 1990-1991 recession.
C. the Great Depression of the 1930s.
D. the 1890s Depression.
Answer: C
Economics
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Suppose that in October the price of a cup of cafe latte was $2.50 and 400 lattes were consumed. In November the price of a latte was $2.00 and 600 lattes were consumed. What might have caused this change?
A) The price of coffee beans (an input of production of cafe lattes) fell. B) The price of coffee beans (an input of production of cafe lattes) rose. C) The price of tea (a substitute for cafe lattes) rose. D) The price of tea (a substitute for cafe lattes) fell.
Economics
Explain the automatic correction mechanism that drives a country's current account balance to zero
Economics