What does the U.S. business cycle experience suggest about periods of war?
A) the economy tends to boom during the period of war
B) after the war is over, the economy typically experiences a downturn
C) they are associated with good economic times
D) all of the above
E) none of the above
D
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Refer to the figure above. When the demand curve for flash drives is D and the supply curve of flash drives is S1, the equilibrium quantity is:
A) 10 units. B) 20 units. C) 40 units. D) 60 units.
According to Keynes, a shift in liquidity preference is
a. a shift in the money demand schedule drawn against the interest rate as the level of income changes. b. a change in the amount of money demanded for given levels of the interest rate and income. c. a shift in individuals' portfolios away from bonds and toward holding an increased amount of money for given levels of the interest rate and income. d. Either a or c e. all of the above