The United States government used wage and price controls during the 1940s

Select one:

True

False

2.

The increase in the proportion of tertiary employment over time at the expense of both primary and secondary employment

Select one:

A. is peculiar to the western industrial countries

B. is strictly an American phenomenon

C. is present generally in all industrial countries

D. is restricted to countries with relatively small government sectors

3.

The 1990s and 1920s have which of the following in common?

Select one:

A. Growth in real output, real output per person, employment and productivity

B. Changes in the levels of nominal output, money supply and participation in the stock market

C. Similar expansions in the stock markets at the end of each period

D. All of the above

E. Only two of the above

4.

The market for U.S. cars was impacted significantly by consumers' options to buy which of the following?

Select one:

A. Used cars

B. New cars produced by U.S. producers

C. New cars produced by foreign producers

D. Both B and C

E. All of the above

5.

Between 1945 and 1950, the U.S. price level rose by one-third. This increase was complemented by which of the following?

Select one:

A. An increase in nominal and real GDP

B. An increase in nominal GDP but a decrease in real GDP

C. An increase in real GDP but a decrease in nominal GDP

D. Stable nominal and real GDP

E. A decrease in nominal and real GDP

6.

Since 1960, the percentage of the American federal budget for military expenditures has increased

Select one:

True

False

7.

The growing postwar (1945-50) economy was sustained by

Select one:

A. an expansion of government expenditures

B. the general expansion of nearly all sectors despite the decline in government expenditures

C. combined increases in both government and private expenditures

D. none of the above

8.

Which of the following was NOT a major social event of the 1960s?

Select one:

A. Summer of Love

B. Civil Rights movement

C. Stagflation

D. Vietnam