In the 20th century, one of the icons of achievement was ___________ who flew the first plane over the Atlantic Ocean, nonstop, from the U.S. to Europe
a. James Fichon
b. F. Scott Fitzgerald
c. Charles Lindbergh
d. Eleanor B. Earhart
C
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In the ISLM framework, a rising price level causes
A) the equilibrium interest rate to rise. B) the equilibrium level of income to fall. C) desired saving to rise. D) the LM curve to shift to the right.
The money multiplier will be smaller when:
A. bank customers prefer to hold a bigger amount of their money as cash (instead of in their checking account). B. banks prefer to lend out 9 percent of their excess reserves instead of 90 percent. C. when the marginal propensity to save declines. D. when the reserve ratio decreases.
Refer to Figure 14.2. A movement from point a to point b could be caused by a(n):
A. increase in government spending. B. decrease in the price of oil. C. decrease in taxes. D. decrease in short-run aggregate supply.
A merger between the Ford Motor Company and General Motors would be an example of a
A) vertical merger. B) horizontal merger. C) conglomerate merger. D) trust.