4. Which of the following can be said about America's economy over time? It changes when the leadership in government changes. It never contracts, but continues to slowly expand. It rarely changes, but it improves with dramatic world events. It is dynamic as it expands or contracts.

4. Which of the following can be said about America's economy over time? It changes when the leadership in government changes. It never contracts, but continues to slowly expand. It rarely changes, but it improves with dramatic world events. It is dynamic as it expands or contracts.

Essentials of Economics (MindTap Course List)

8th Edition

ISBN:9781337091992

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter23: Aggregate Demand And Aggregate Supply

Section: Chapter Questions

Problem 1QR

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4. Which of the following can be said about America's economy over time?
It changes when the leadership in government changes.
It never contracts, but continues to slowly expand.
It rarely changes, but it improves with dramatic world events.
It is dynamic as it expands or contracts.

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