Fears that the Munn v Illinois (1877) doctrine would result in excessive government control over businesses were not realized, for it actually had the effect of retarding government regulation
Indicate whether the statement is true or false
False
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Which of the following would decrease the size of a federal budget deficit?
a. A recession b. An increase in defense spending c. An increase in the use of automatic stabilizers d. An increase in taxes e. An increase in transfer payments
The 2002-2008 OPEC price increases caused by conflict in the Middle East caused the aggregate
a. demand curve to shift outward. b. demand curve to shift inward. c. supply curve to shift outward. d. supply curve to shift inward.
List and briefly describe the five factors of production.
What will be an ideal response?
Which of the following interest rates is usually the highest?
A. 30-year mortgage rate B. 20-year Treasury bond rate C. Consumer credit-card rate D. Prime rate of banks