Which of the following is true regarding economic fluctuations in the United States?
a. Since World War II, economic ups and downs have been more moderate than before the war.
b. Prior to World War II, real GDP annual increases of more than 5 percent were unheard of.
c. Real GDP grew rapidly during the 1930s.
d. The 1920s was a period of prolonged economic stagnation and high unemployment.
A
Economics
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The monopolistic competitive firm in short-run equilibrium may experience economic profits that are
A) always zero. B) greater than, equal to, or less than zero. C) always positive. D) always negative.
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After World War II millions of mortgages were provided by two federal government agencies, the __________ and the ____________.
Fill in the blank(s) with the appropriate word(s).
Economics