Which of the following statements is least accurate with regard to immigration after the Civil War?
a. The number of immigrants fluctuated dramatically until World War I.
b. The proportion of immigrants from Northern and Western Europe fell dramatically.
c. The cost of crossing the Atlantic was much lower than it was in earlier decades.
d. A growing network of relatives in the US could help immigrants find jobs and places to live.
e. The majority of immigrants moved to the Midwest to take advantage of the excellent farming opportunities.
e. The majority of immigrants moved to the Midwest to take advantage of the excellent farming opportunities.
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The above figure shows the cost curves for a typical firm in a competitive market. If price = 8.5, then
A) the firm will produce 10 units. B) the firm will produce 55 units. C) the firm will earn positive profits. D) None of above.
Which of the following would shift the short-run Phillips curve?
a. an negative supply shock b. an increase in inflationary expectations c. a decrease in inflationary expectations d. All of the above.
The existence of inflation does which of the following?
A) facilitates the downward adjustment of real wages B) reduces shoe-leather costs C) reduces tax distortions D) reduces the costs associated with money illusion
As distinct from reductions in the price level, reductions in the rate of inflation are referred to as:
A. dollar depreciation. B. stagflation. C. deflation. D. disinflation.