The demographic trends in population growth and migration after the Civil War differed significantly from those established before the War. Indicate whether the statement is true or false ANSWER FALSE
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
Hughes and Cain (2011) talk about falling levels of investment during the Great Depression. What does the “investment” that they are talking about refer to? (a) Engineering ideas behind the industry of the era (b) Money loaned by banks to consumers (c) Land, labor, and equipment used in production (d) Tools, equipment, machines, and buildings […]
Date: September 10th, 2020
Unlike the 1930s, the Federal Reserve System followed an easy money policy in the first decade of the 2000s and, consequently, was able to prevent a severe recession from following a period of notably high economic activity. Indicate whether the statement is true or false ANSWER TRUE
Date: September 10th, 2020
The rate of unemployment can be calculated by a. simply dividing all unemployed persons by all employed persons. b. subtracting those employed from the total labor force to find the number of unemployed and express this number as a percent of the total labor force. c. subtract those unemployed from the total labor force and […]
Date: September 10th, 2020
Which view of the causes of the Great Depression emphasizes the decline in the money supply which caused aggregate demand for goods and services to shrink, leading businesses to cut production and employment? (a) The Monetarists’ (b) The Keynesians’ (c) The Austrians’ (d) The International View ANSWER (a)
Date: September 10th, 2020
During the worst year of the Great Depression, according to the official statistics, about what percentage of the labor force was unemployed? (a) 10% (b) 15% (c) 25% (d) 35% ANSWER (c)
Date: September 10th, 2020
