Based on an analysis of macroeconomic outcomes under Republican and Democratic administrations, we would expect which of the following to occur?
A) Growth rates to be generally higher under Republican administrations.
B) Macroeconomic policy to be relatively contractionary under Democratic administrations.
C) Unemployment rates to be generally higher under Democratic administrations.
D) Inflation rates to be generally lower under Democratic administrations.
E) none of the above
E
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A principle is a self-evident truth that most people readily understand and accept
Indicate whether the statement is true or false
According to the data, was the stock-market crash of 1929 the primary cause of the Great Depression?
a. No, the Great Depression actually began two years before the stock market crash of 1929. b. Yes, after the stock market crash of October 1929 the market never recovered until the depression came to an end a decade later. c. Yes, sharp reductions in stock prices like that of 1929 always result in prolonged depressions. d. No, the stock market actually recovered to the level of October 1929 during the five months following the crash.