The pace of settlement of the Old Northwest (Ohio, Indiana, Illinois, ...) was determined primarily by the prices of
a. soybeans, sorghum, and potatoes.
b. gold and silver.
c. corn, hogs, and wheat.
d. cattle, leather, and cheese.
c. corn, hogs, and wheat.
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If N is the working-age population, Q is the labor force, and U is the number of unemployed, then the employment/population ratio is measured as
A) N/Q B) U/Q C) (Q-U)/N D) Q/N
The percent of disposable income that consumers have to pay for their debt is called:
A. a debtor's mark. B. debt service. C. the cost of debt. D. debt accountability.
The enforcement of contracts by the government:
A. allows people to enter into long-term investments more easily. B. encourages economic growth. C. can increase physical capital investment. D. All of these are true.
When the aggregate supply curve shifts adversely, what happens to the relationship shown in the Phillips curve?
A. It is reinforced, and made more applicable for policy. B. It is destroyed, and no longer applies for policy. C. It is unchanged, although the curve becomes less steep. D. It is unchanged, although the curve shifts inward and to the left.