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1.) When the production of goods increases, the business cycle is contracting.

True

False

2.) The goals of the New Deal were relief, recovery, and reform.

True

False

3.) The GNP measures the total market value of everything produced by a country, while the GDP measures the value of everything produced within a country.

True

False

4.) Externalities can be positive or negative.

True

False

5.) The decline in data entry, typing, and assembly jobs is best explained by:

A.) a decrease in the national minimum wage.

B.) the widespread availability of improved technology that can perform many of the same functions.

C.) a lack of apprenticeship programs in the U.S.

D.) None of these choices are correct.