When the federal government makes no attempt to take corrective action, markets return a recessed economy to full employment levels of production by

(a) laying off workers.
(b) lowering wages.
(c) dropping prices.
(d) doing all of the above.

(d)

Economics

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Most successful examples of modern economic growth have occurred in a country with

a. a temperate-zone climate. b. a market economy. c. exports of manufactured goods. d. all of the above.

Economics

The value of the wheat used in the production of bread is not included in the calculation of GDP

a. True b. False Indicate whether the statement is true or false

Economics