Which of the following is TRUE? Select one: a. Real GDP in the U.S. is 12 trillion dollars. b. The Smoot Hawley Tariff Act caused AD to shift to the RIGHT in the Great Depression. c. Adam Smith wrote the General Theory of Employment, Interest, and Income d. During the Great Depression, economic policy was guided by the teachings of Classical economics
Which of the following is TRUE? Select one: a. Real GDP in the U.S. is 12 trillion dollars. b. The Smoot Hawley Tariff Act caused AD to shift to the RIGHT in the Great Depression. c. Adam Smith wrote the General Theory of Employment, Interest, and Income d. During the Great Depression, economic policy was guided by the teachings of Classical economics
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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61)Which of the following is TRUE?
Select one:
a. Real GDP in the U.S. is 12 trillion dollars.
b. The Smoot Hawley Tariff Act caused AD to shift to the RIGHT in the Great Depression.
c. Adam Smith wrote the General Theory of Employment, Interest, and Income
d. During the Great Depression, economic policy was guided by the teachings of Classical economics
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