1.1. Which of the following is true about U.S. history prior to the 1950s? The p

ID: 1131087 • Letter: 1

Question

1.1.

Which of the following is true about U.S. history prior to the 1950s?

The price level remained constant during this period.

The inflation rate remained constant during this period.

Major wars resulted in high inflation rates that were usually followed by deflation.

Cost-push inflation led to depressions, which were followed by slowly-rising price levels.

Major wars resulted in high inflation rates, after which the inflation rate tapered off.

1. “Discouraged workers” comprise the percentage of those in the:

labor force who are looking for a job but cannot find one.

adult population who want to be employed but have given up the search for a job.

labor force who are employed and are seeking employment.

adult population who are in the labor force.

labor force who have chosen early retirement because they dislike their work.

The higher the expected inflation, _____.

the higher the nominal rate of interest that lenders require and that borrowers are willing to pay

the higher the real interest rate that lenders require

the lower the nominal rate of interest that lenders require and that borrowers are willing to pay

the higher the real interest rate that borrowers are willing to pay

the higher the nominal rate of interest that lenders require and the lower the nominal rate of interest that borrowers are willing to pay

The nominal interest rate is determined in the market for loanable funds.

The price level remained constant during this period.

The inflation rate remained constant during this period.

Major wars resulted in high inflation rates that were usually followed by deflation.

Cost-push inflation led to depressions, which were followed by slowly-rising price levels.

Major wars resulted in high inflation rates, after which the inflation rate tapered off.

Answer : 1.1) b. The inflation rate remained constant during this period.

This is true about U.S. history prior to the 1950s.

1) “Discouraged workers” comprise the percentage of those in the: e. labor force who have chosen early retirement because they dislike their work.

2) The higher the expected inflation, a. the higher the nominal rate of interest that lenders require and that borrowers are willing to pay.

3 ) The nominal interest rate is determined in the market for loanable funds : b. False. Because nominal interest rate is decided by federal reserve.

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