We use a two-period model because
A) the business cycle has two phases: contraction and recovery.
B) it is the simplest dynamic model.
C) we want to make a distinction between young and old households.
D) this is the horizon of the politicians that formulate policy.
B
Economics
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In the 1948-2012 data, the unemployment rate was highest in
A) 2009 B) 1991 C) 1975 D) 1982
Economics
Over the last several decades, the amount of government investment in U.S. infrastructure in real terms has: a. remained the same
b. decreased. c. increased marginally. d. increased substantially.
Economics