From 1945 Until 1973,the U.S.economy Experienced ________

question 43

Multiple Choice

From 1945 until 1973,the U.S.economy experienced ________.

• A)rapid inflation
• B)no major recessions or depressions
• C)minimal interaction with the global economy
• D)all of the above
• E)none of the above

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Definitions:

Capital

Financial assets or the monetary value of assets, such as buildings and machinery, invested in a business to create more wealth.

Unemployment Rate

The percentage of the labor force that is jobless and actively seeking employment.

Opportunity Cost

The economic impact of dismissing the next prime alternative while reaching a decision.

Scarce Resources

Limited supplies of inputs necessary for production, leading to trade-offs and choices in their allocation.