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Eco Chapter 10

QuestionAnswer
Business cycles are fluctuations in a market system's economic activity. True
The Great Depression of the 1930s was the most severe contraction in American economic history. True
Coincident indicators anticipate the direction in which the economy is heading. False
Economic indicators are collected by the U.S. Department of Justice. False
Continued economic growth is important to the United States for a number of reasons. Which of the following is not listed in your text as one of them? maintaining social equality
What happens to a country's tax base when economic growth exists? It expands
What is it called when the amount of a country's capital goods increases faster than the size of the country's workforce? capital deepening
Created by: HeatherLanae4108