In the United States, direct expenditures for governments between 1933 and 1943
A. Trended down for all governments.
B. Trended up for state and local governments and down for the federal government.
C. Trended up for all governments.
D. Trended down for state and local governments and up for the federal government.
Answer: D
Economics
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The Phillips curve is thought to reflect the relationship between
A) unemployment and inflation. B) the price level and inflation. C) unemployment and real GDP. D) inflation and real GDP.
Economics
If the market price of oats is $2.5 per bushel and a farmer decides to sell at $2.8 per bushel, he is likely to sell:
a. more than 5 bushels per day. b. more than 10 bushels per day. c. less than 5 bushels per day. d. 10 bushels per day. e. nothing.
Economics