Which of the Following Was Not True for the U

question 134

Multiple Choice

Which of the following was not true for the U.S.economy during the period from the late 1990s to 2000?

• A)Economic expansion set a record for longevity.
• B)The unemployment rate was low.
• C)Millions of new jobs were created.
• D)Real GDP declineD.Real GDP expanded for a record number of months during the 1990s to 2000.

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Definitions:

Property Tax

A levy on property that the owner is required to pay, usually based on the value of the property.

Beekeepers

Individuals who maintain bee colonies, commonly in hives, primarily for collecting honey and other products produced by bees such as bee's wax, propolis, and royal jelly.

Private Solution

A resolution to an economic issue that relies on private transactions without government intervention.

Externality

A consequence of an economic activity that is experienced by unrelated third parties.