Between the end of the Civil War and the beginning of World War I, the U.S. economy was not able to effectively absorb the millions of immigrants it received. Indicate whether the statement is true or false ANSWER FALSE
Date: September 10th, 2020
Population growth in the early nineteenth century was slow due to the lack of immigration. Indicate whether the statement is true or false ANSWER FALSE
Date: September 10th, 2020
The short-run Phillips curve shifts when there is a change in a. technology b. money demand. c. the expected price level. d. the labor force. e. all of the above. ANSWER E
Date: September 10th, 2020
Like Franklin D. Roosevelt (1933–45), William J. Clinton’s (1993–2001) deficit-reducing tax hikes pushed the economy into a recession. Indicate whether the statement is true or false ANSWER False (Only FDR’s tax hikes resulted in a recession.)
Date: September 10th, 2020
Which view of the causes of the Great Depression emphasizes factors largely external to the domestic economy, particularly the Gold Standard? (a) The Monetarists’ (b) The Keynesians’ (c) The Austrians’ (d) The International View ANSWER (d)
Date: September 10th, 2020
If exchange rates are perfectly flexible, an expansionary U.S. monetary policy will a. increase the supply of dollars in the foreign exchange market. b. shift the LM curve to the right. c. reduce the demand for dollars in the foreign exchange market. d. reduce the value of the dollar. e. all of the above. […]
Date: September 10th, 2020
International data suggests that a. convergence is not taking place. b. convergence is taking place among poor countries but not among rich countries. c. convergence is taking place among all countries. d. convergence is taking place among rich countries but not among poor countries. ANSWER D
Date: September 10th, 2020
During the postbellum period, per capita real output could not keep pace with population growth. Indicate whether the statement is true or false ANSWER FALSE
Date: September 10th, 2020
Political and social desires to increase the “quality of life” in the U.S. led to an increase in the federal funding of public libraries, television and radio as well as increases and broadened uses of federal lands, waters and parks. Indicate whether the statement is true or false ANSWER TRUE
Date: September 10th, 2020
Income and wealth were equally or evenly distributed by 1860 in the United States. Indicate whether the statement is true or false ANSWER FALSE
Date: September 10th, 2020
