Gains in railroad productivity were caused by:
a. more powerful locomotives.
b. automatic couplers.
c. air brakes.
d. All of the above are correct.
e. Only a and b are correct.
d. All of the above are correct.
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The Eurodollar market is an alternative way for __________ to lend or borrow
A) governments B) corporations C) banks D) pension plans
If the government-imposed price of corn is greater than the market price,
a. the quantity of corn supplied will exceed the quantity of corn demanded. b. the quantity of corn supplied will be less than the quantity of corn demanded. c. the demand curve for corn will shift to the right. d. the supply curve of corn will shift to the right.
An increase in the interest rate causes the MRP of a resource to fall
a. True b. False Indicate whether the statement is true or false
Looking at the globalized AS/AD model, the economy can exceed potential output, without generating accelerating goods inflation, because:
A. the domestic price level always exceeds the world price level. B. the world price level always exceeds the domestic price level. C. the world price level puts a cap on the domestic price level. D. the LRAS curve is no longer vertical.