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Eco Chapter 10
Question | Answer |
---|---|
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 |