Which of the following is true regarding economic fluctuations in the United States?
a. Prior to World War II, economic ups and downs were more moderate than after the war.
b. Prior to World War II, annual increases in real GDP of more than 5 percent were unheard of.
c. Real GDP grew rapidly during the 1930s.
d. The 1930s was a period of prolonged economic stagnation and high unemployment.
D
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To show how a variable ________, we typically use a ________
A) relates to another variable; time-series graph B) relates to another variable; pie chart C) changes over time; time-series graph D) changes over time; cross section graph E) changes over time; cross time chart
A goal of contractionary monetary policy is to:
A) decrease the rate of growth of real GDP. B) increase the rate of growth of real GDP. C) increase inflation. D) none of the above.