The worst recessions after World War II occurred
A) during 1945-1946 and 1973-1975.
B) during 1957-1958 and 1973-1975.
C) during 1973-1975 and 1981-1982.
D) during 1945-1946 and 1981-1982.
C
You might also like to view...
Refer to the tables. The opportunity cost of the fifth unit of capital goods:
Answer the question on the basis of the following production possibilities tables for two countries, North Cantina and South Cantina:
A. is higher in North Cantina than in South Cantina.
B. is the same in North Cantina and South Cantina.
C. is lower in North Cantina than in South Cantina.
D. cannot be determined from the information provided.
Suppose the price of a DVD is $15 per unit. At that price, consumers wish to purchase 6,000 units weekly and producers wish to sell 4,000 units weekly. In this situation,
a. unsatisfied consumers will bid up the market price. b. the market price will fall because producers are unsatisfied. c. the price will rise and the demand will fall to bring the market to equilibrium. d. supply will increase by 2,000 units in order to satisfy consumers.