Hughes and Cain (2011) effectively argue that advancements in power technology helped open new opportunities for the strategic placement of cities and big factories. Indicate whether the statement is true or false ANSWER TRUE
Date: September 10th, 2020
The money-stock target is preferable when uncertainty is the result of unpredictable shifts in which of the following? a. expectations in future profitability b. Residential construction investment c. the money multiplier d. Both a and b e. All of the above ANSWER D
Date: September 10th, 2020
Prior to and during the period of American colonization, the following occurred in Europe: (a) Feudal rulers found it easy to force peasants and urban producers to work for them as long-distance trade expanded, the costs of warfare increased, and the land/labor ratio increased as consequence of the bubonic plague. (b) Feudal lords shared profits […]
Date: September 10th, 2020
The higher the interest sensitivity of investment, the a. less effective is monetary policy and the more effective is fiscal policy. d. more effective are both monetary and fiscal policies. c. less effective are both monetary and fiscal policies. d. less effective is fiscal policy and the more effective is monetary policy. ANSWER D
Date: September 10th, 2020
The policy of keeping tax rates stable as government spending fluctuates is known as ________. A) Ricardian equivalence B) tax smoothing C) crowding-out D) a tax smoothie ANSWER B
Date: September 10th, 2020
A new chain-weighted measure of real GDP a. was introduced by the Bureau of Economic Analysis in 1995. b. uses the average of prices in a given year and prices in the previous year instead of using prices in a base year as weights. c. differs greatly from previous measures that utilized the base year […]
Date: September 10th, 2020
A change in monetary policy has a larger effect on aggregate demand the a. flatter the LM curve. b. the less elastic money demand. c. more elastic money demand. d. steeper the IS curve. e. the steeper the LM curve. ANSWER E
Date: September 10th, 2020
When a government has decided on a permanent spending increase, a valid reason to increase borrowing rather than taxes might be to ________. A) to avoid an unnecessary stimulus to aggregate demand B) to shift the burden from domestic taxpayers to foreign bond holders C) to avoid distortions that might reduce long-run aggregate supply D) […]
Date: September 10th, 2020
Both indentured servants and slaves had rights in courts of law. Indicate whether the statement is true or false ANSWER FALSE
Date: September 10th, 2020
In the short-run production function, the following variables must be endogenous: a. technology. b. labor input. c. capital input. d. b and c. e. none of the above. ANSWER B
Date: September 10th, 2020
