The ratio of U.S. government spending to GDP reached its peak during:
a. World War I.
b. World War II.
c. the Great Depression.
d. the real estate crisis.
e. the bursting of the stock market bubble.
b
Economics
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If the price of a resource reaches the choke price, that means that
a. The physical reserves are zero b. The economic reserves are zero c. The environmental costs have been fully internalized d. Environmental costs need to be internalized e. Prices will continue to fall
Economics
If inflation is positive and is perfectly anticipated
A) those that lend money lose. B) no one in the economy loses. C) those that borrow money lose. D) those that hold paper money lose.
Economics