Between 1875 and 1895,
a. wholesale farm prices fell and consumer prices rose.
b. wholesale farm prices rose slightly, but consumer prices rose more rapidly.
c. wholesale farm prices and consumer prices fell, but wholesale farm prices fell more rapidly.
d. wholesale farm prices fell while consumer prices remained generally unchanged.
c. wholesale farm prices and consumer prices fell, but wholesale farm prices fell more rapidly.
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Increases in the stock of capital are the result of decreases in:
A. gross investment. B. depreciation. C. net investment. D. All of these.
Refer to the information provided in Figure 3.8 below to answer the following question(s).
Figure 3.8Refer to Figure 3.8. Assume there are only two people in the market for baseball caps: Alex and Ryan. Along the market demand curve for baseball caps, at a price of ________, quantity demanded would be ________.
A. $10; 12 B. $10; 6 C. $8; 14 D. $8; 25
The figure above shows the marginal social cost curve of generating electricity and the marginal private cost curve. The marginal cost paid by the producers and everyone else in society when 100 billion kilowatt hours are produced is
A) 0¢ per kilowatt. B) 5¢ per kilowatt. C) 10¢ per kilowatt. D) 20¢ per kilowatt. E) 15¢ per kilowatt.
Which of the following is an instrument of monetary policy?
A) The interest rate on three-month Treasury bills B) The mortgage interest rate C) The discount rate D) The budget deficit