Although Thomas Edison invented the lightbulb in 1879, by 1907 only ___ percent of U.S. homes had electricity
a. 8
b. 20
c. 38
d. 50
A
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Industrial production is an example of a coincident indicator
Indicate whether the statement is true or false
If net exports are reduced, the expenditure schedule will shift
a. downward and equilibrium real GDP will rise. b. upward and equilibrium real GDP will rise. c. downward and equilibrium real GDP will fall. d. upward and equilibrium real GDP will fall.
Hurricane Katrina caused refineries and oil rigs in New Orleans and in the Gulf of Mexico to close down. In the market for gasoline, Hurricane Katrina caused
A. a decrease in demand. B. a decrease in supply. C. an increase in demand. D. an increase in supply.
Which of the Fed's instruments is most frequently used?
A. Changing margin requirements for the stock market B. Changing reserve requirements C. Changing the discount rate D. Open-market operations