The monetarists believe that the LM schedule a. and the IS schedule are both steep. b. is flat while the IS schedule is steep. c. and the IS schedule are both quite flat. d. is steep and the IS schedule is relatively flat. ANSWER D
Date: September 10th, 2020
In the Keynesian model, and expected increase in the interest rate a. increases the demand for bonds and the demand for money. b. increases the demand for bonds and the demand for stocks. c. decreases the demand for bonds and increases the demand for money. d. increases the demand for bonds and decreases the demand […]
Date: September 10th, 2020
The Constitution helped establish a secure and well-defined system of property rights and rights of persons because it did which of the following? (a) It established that people could be deprived of property without due process of law. (b) It loosely defined which contracts would be enforced. (c) It permitted bankruptcy without just cause and […]
Date: September 10th, 2020
A secondary effect of installment credit was the (a) development of a new market in used durables. (b) emergence of a new network of dependable supplies of electric power. (c) surge in prices. (d) increased government intervention in household activity. ANSWER (a)
Date: September 10th, 2020
After the Civil War, wheat production became regionally specialized and output production in the Midwest increased consequently. Indicate whether the statement is true or false ANSWER TRUE
Date: September 10th, 2020
From the mid-1960s to the present, what would a graph of U.S. productivity rates against time reveal? (a) A stable upward trend in the amount of output per paid hour (b) An unstable but upward trend (c) A U-shape (d) A downward trend ANSWER (c)
Date: September 10th, 2020
Between 1967 and 1999, the industrial structure of the U.S. experienced which of the following changes? (a) The industries experiencing slow or negative growth—primary metals, transportation, mining and steel—sought protection from competition from the federal government. (b) All major nondurable sectors experienced growth. (c) Machinery and electronics experienced rapid growth. (d) All of the above. […]
Date: September 10th, 2020
The fact that long-run growth in the U.S. has been relatively stable is consistent with the ______ model. a. endogenous growth. b. supply-side. c. Keynesian. d. neoclassical growth. e. none of the above. ANSWER D
Date: September 10th, 2020
When the federal government makes no attempt to take corrective action, markets return a recessed economy to full employment levels of production by (a) laying off workers. (b) lowering wages. (c) dropping prices. (d) doing all of the above. ANSWER (d)
Date: September 10th, 2020
During the post-bellum period, growth in demand outpaced growth in supply, causing food prices to fall. Indicate whether the statement is true or false ANSWER FALSE
Date: September 10th, 2020
