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In the history of the U.S. economy, which economic era saw both high unemployment and high inflation at the same time?
1) after the Great Depression to the early 1970s
2) since the early 1980s
3) the colonial period
4) before and during the Great Depression
5) from the early 1970s to the early 1980s

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Chika Ilonah
Chika IlonahLv10
28 Sep 2019

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Related questions

Which of the following are reasons that economists use to explain the decrease in the natural rate of unemployment between the 1980s and the early 2000s in the United States? Identify each of the following whether they are a reason or not a reason.

 

1. the aging baby boomer generation is at an age when they are more likely to keep existing jobs

2. legal restrictions and regulations for employment have become more lenient

3. no recessions occurred between the 1980s and the early 2000s, so people remained in their jobs

4. the growth of the temporary worker industry

5. internet improved communication between employers and job seekers

6. more people in the job market means fewer people are changing jobs.

 

1) According to the Phillips curve :

a. there is a direct relationship between unemployment and inflation

b. there is an inverse relationship between unemployment and inflation

c. there is a direct relationship between income and unemployment

d. there is an inverse relationship between income and unemployment

e. there is a direct relationship between the money supply and inflation

 

2) which of the following believe that there is a Phillips curve trade-off in both the short run and the long run?

a. monetarists

b. rational expectations school

c. Keynesians

d. classical economist

e. methodists

 

3) Which of the following believe that there is a Phillips curve trade-off in the short run but not in the long run

a. Keynesians

b. rational expectations school

c. monetarists

d. Lithuanians

e. supply-siders

 

4) According to the Monetarists, the principal cause for the Phillips curve shifting to the right from the 1950s to the early 1980s was:

a. decreasing labor productivity

b. an increase in the inflationary expectation of labor

c. increase in the price of oil

d. increase in unemployment benefit

e. all of the above

 

5) According to the Keynesians, the reason why the Phillips curve shifted to the right from the 1950s to the early 1980s was :

a. an increase in the inflationary expectation of labor

b. "supply shocks" in the form of oil price increase

c. the changing composition of the labor force

d. all of the above

e. none of the above

1. How did the US economy attempt to stimulate economic growth during the early 19th century?

2. What role did the federal government play in "internal improvements" of transportation in the first decades of the 19th century?

3. What factors motivated Americans to move westward in the early 19th century?

4. What was the "era of good feelings"? What happened to it?

5. Explain the Missouri Compromise. Why did Jefferson call it "a fire bell in the night"?

6. What rulings by the Marshall Court enhanced its own power and that of the federal government?

7. Could the US have enforced the Monroe Doctrine in 1823? Why or why not?

8. What was the "corrupt bargain" of 1824? Was it corrupt?

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