Which of the Following Was True of the United States

question 37

Multiple Choice

Which of the following was true of the United States before 1970?

• A)The government was not responsible for promoting employment,output,and purchasing power.
• B)Most macroeconomic instability was caused by changes in international oil prices.
• C)Most macroeconomic instability was caused by shifts of aggregate demand.
• D)Most macroeconomic instability was caused by the depreciation of the dollar.
• E)The government was responsible for using monetary policy to correct a depression.

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Definitions:

Consideration

In legal contracts, refers to something of value exchanged between parties, which is a necessary element for the contract to be valid.

Sue

To initiate legal proceedings against a person or entity in order to seek a remedy or resolution for a grievance.

Assignment

A task or piece of work allocated to someone as part of a job or course of study.

Settlement

An agreement reached between parties in a dispute, typically without admission of guilt or fault, to resolve the matter without further legal action.