Which of the following is not accurate about the role of women in the 1920s?
a. There was a large increase in the number of two earner families.
b. Women gained the right to vote.
c. There was an increase in educational opportunities for women.
d. Women gained a significant amount of cultural and social freedom.
a. There was a large increase in the number of two earner families.
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Refer to Scenario 10-1. Based on the information above, what is the level of private saving in the economy?
A) $3 trillion B) $4 trillion C) $5 trillion D) $8 trillion
The Keynesian model
a. assumes a stable, downward sloping Phillips curve in the short run. b. implies a horizontal Phillips curve in the long run. c. shows that the Phillips curve is can be downward or upward sloping in the short run. d. differs from Friedman's analysis pertaining to the vertical long-run Phillips curve.