What is the most accurate statement about the fraction of the US population that lived in urban areas between 1800 and 1910?
a. The fraction of the US population that lived in urban areas grew steadily throughout the period.
b. The fraction of the US population that lived in urban areas decreased steadily throughout the period.
c. In 1910, about 85% of the US population lived in cities over 100,000 people.
d. In 1800, more than half of the US population lived in towns over 2,500 people.
a. The fraction of the US population that lived in urban areas grew steadily throughout the period.
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The quantity of money held in response to interest rates is the:
a. transactions motive for holding money. b. precautionary motive for holding money. c. speculative motive for holding money. d. unit-of-account motive for holding money.
An increase in the Consumer Price Index indicates that
a. the real income of households is increasing. b. the purchasing power of the dollar is increasing. c. the cost of buying the typical bundle of goods consumed by households is increasing. d. the real net worth of consumers is increasing.
Defining what money is:
A. is easier to do in the long run than in the short run. B. is the easiest, but least important part of monetary policy. C. is easy to do, which explains why monetary policy is so effective. D. isn't easy, and this makes monetary policy more difficult.
Assume that the uncovered interest parity condition holds. Also assume that the U.S. interest rate is less than the U.K. interest rate. Given this information, we know that investors expect
A) the pound to depreciate. B) the pound to appreciate. C) the dollar-pound exchange rate to remain fixed. D) the U.S. interest rate to fall. E) none of the above