Sharecropping after the Civil War (1861–1865) was the land tenure of black and white non-landowning farmers in about equal proportions. Indicate whether the statement is true or false ANSWER FALSE
Date: September 10th, 2020
By the time the Civil War (1861–1865) ended, hyperinflation was a problem in both the North and the South. Indicate whether the statement is true or false ANSWER FALSE
Date: September 10th, 2020
The assumption of constant velocity is a critical component of the a. monetarist model. b. classical model. c. real business cycle model. d. new classical model. e. all of the above. ANSWER E
Date: September 10th, 2020
If the nominal money supply rises by 6 percent, the price level rises by 4 percent, and output rises by 3 percent, then according to the quantity theory equation, income velocity must rise by: a. 7 percent b. 13 percent c. 1 percent. d. 3 percent. ANSWER B
Date: September 10th, 2020
By the late 1880s, the main difference between the American Federation of Labor (AFL) and the Knights of Labor was (a) the relatively low dues charged members by their AFL locals. (b) the broader membership base of AFL locals compared to the Knights. (c) the AFL’s commitment to “progressive” politics. (d) the narrow membership qualifications […]
Date: September 10th, 2020
Unemployment in the post-World War II era (1945–50) (a) was reduced only because of the post-war decline in the size of the civilian labor force. (b) rose above wartime levels, but remained far below the levels of the 1930s. (c) rose in response to the decline in civilian consumption levels. (d) remained at the low […]
Date: September 10th, 2020
Assuming a horizontal aggregate supply curve, output will change when a. monetary or fiscal policy changes. b. monetary policy changes. c. fiscal policy changes. d. capital, labor, or technology changes. e. all of the above ANSWER E
Date: September 10th, 2020
A social loss function is a way to a. represent the objectives of policymakers. b. balance the benefits lower inflation with the costs of higher unemployment and lower output. c. calculate the costs of budget deficits. d. a way to compensate the losers that result from changes in government policy. e. both a and b. […]
Date: September 10th, 2020
Why is the Clayton Act of 1914 considered to have been favorable to the interests of organized labor? (a) It restricted the application of the Sherman Antitrust Act and excluded labor unions from it. (b) It legalized collective bargaining for the first time. (c) It declared labor to be an article of commerce. (d) It […]
Date: September 10th, 2020
In implementing the Marshall Plan (1948–51), (a) the United States discouraged European countries from cooperating among themselves to increase trade, as it was felt that economic recovery would be better achieved through competition. (b) the United States, in order to offset the large capital outflow caused by loans and grants made abroad, tried to maintain […]
Date: September 10th, 2020
