ECON REVIEW FOR FINAL

ECON REVIEW FOR FINAL - ECON REVIEW FOR FINAL 24 multiple...

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ECON REVIEW FOR FINAL 24 multiple choice 4 essays questions Tuesday 7:40-12:00 The multiple choice questions are from the quizzes we have already taken but watch out for the words that Happel may change around like which of the following is true versus which of the following is false etc. There are new multiple choice questions that we have not been quizzed on yet and here they are: 1) On the Eisenhower, Kennedy and Johnson administration - Average rate of real GDP was lower during the Eisenhower years and inflation was low - Unemployment rate was lower than the 100 year average during Eisenhower administration - The Kennedy, Johnson expansion was the longest economic expansion in US history up to that time - M2 growth was above 5% between 1961 and 1965 - Johnson - during Vietnam he wanted both the war and a great society between 1967 and 1968. There was rising inflation 2) On Nixon, Carter and Ford - 1974 was a bad year - poor growth and high inflation - Allen Greenspan became the chair of the Council of Economic Advisors in 1974 - 1976 Greenspan did a good job and brought about high GDP growth - In the 1976 Presidential elections, Republicans said the major problem facing
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ECON REVIEW FOR FINAL - ECON REVIEW FOR FINAL 24 multiple...

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