With regard to agricultural productivity (grain crops) in the post-Civil War period (1870–1910), (a) output per acre went up significantly. (b) output per man-hour went up significantly. (c) output per unit of energy input went up significantly. (d) all of the above occurred. ANSWER (b)
Date: September 10th, 2020
What does an empirical analysis of the key votes at the Constitutional Convention suggest? (a) Merchants, manufacturers, capitalists, creditors, and public and private security holders supported a national system of government. (b) Delegates from larger and coastal states, as well as bankers and other private debt holders, were most likely to support the new Constitution. […]
Date: September 10th, 2020
In the Keynesian model, and increase in government spending financed with an increase in taxes will a. move an economy left along its Phillips curve. b. shift the Phillips curve to the up. c. move an economy right along its Phillips curve. d. shift the Phillips curve down. e. not affect the Phillips curve. […]
Date: September 10th, 2020
Keynesians view changes in velocity as the result of changes in a. income. b. expectations. c. interest rates. d. inflation. e. all of the above. ANSWER E
Date: September 10th, 2020
Debits (negatives) in the current account of the balance of payments accounts include a. imports of goods. b. exports of services. c. transfers received from other countries. d. purchases of U.S. government bonds by foreigners. e. all of the above. ANSWER A
Date: September 10th, 2020
Which of the following should depreciate a county’s currency? a. an increase in its government budget deficit. b. a decrease in its money supply. c. an increase in economy growth. d. an increase in import tariffs. e. none of the above. ANSWER A
Date: September 10th, 2020
In the neoclassical growth model without technological progress, in the steady-state the level of capital increases at a. the growth of technology plus the growth of population. b. the growth of technology plus the growth of population plus depreciation. c. the growth of technology. d. the growth of population. ANSWER A
Date: September 10th, 2020
As indicated by real GDP, real GDP per capita and nominal GDP figures, the Great Depression was unmoved by the social reconstruction efforts of President Franklin D. Roosevelt and his supporters. Indicate whether the statement is true or false ANSWER TRUE
Date: September 10th, 2020
According to Chandler and Cortada (2000), the driving force of the U.S. economy has been what since the beginning? (a) Agriculture (b) Manufacturing (c) Information (d) Steel and automobiles ANSWER (c)
Date: September 10th, 2020
According to the monetarists, when the expected rate of inflation rises, the short-run Phillips curve a. shifts upward. b. shifts downward. c. is unaffected. d. None of the above ANSWER A
Date: September 10th, 2020
