(I)   in the 1960s and 1970s, Most Economists Believed That

question 124

Multiple Choice

(I)    In the 1960s and 1970s, most economists believed that there was a permanent trade-off between inflation and unemployment.
(II)   Today, most economists believe there is no permanent trade-off between inflation and unemployment.

• A) Both I and II are true.
• B) Both I and II are false.
• C) I is true; II is false.
• D) I is false; II is true.

Describe changes in societal roles and structures post-Civil War.

Explain the influence of the Civil War on international perspectives and events.

Understand the importance and outcomes of key legislative acts during the Reconstruction era.

Analyze the reasons behind the failure of Congressional Reconstruction and the end of the era.

---

Definitions:

Return on Total Assets

A ratio indicating the efficiency of a company in generating profits from its total assets.

Return on Total Assets

This is a profitability ratio that measures how effectively a company is using its assets to generate profit.

Semiannual Interest

The interest that is calculated and paid twice a year on an investment or loan.

Journal Entry

A record in accounting journals that represents a business transaction and includes details like date, amounts, and accounts affected.