Government purchases include spending on goods and services by
a. the federal government only.
b. state and federal governments only.
c. local, state and federal governments.
d. local, state and federal governments, as well household spending by employees of those governments.
C
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Albro Martin (1971) argues that the Interstate Commerce Commission (1887–1995) was
(a) never a case of "capture." (b) "captured" by the railroads themselves. (c) "captured" by the customers of the railroads. (d) too ineffective to warrant "capture" by anyone.
In the long run, a monopolist can continue to earn economic profits.
Answer the following statement true (T) or false (F)
Each of the following factors contribute to the slope of the dynamic aggregate demand curve, except the:
A. extent to which monetary policymakers react to a change in current inflation. B. current level of technology. C. size of the response of aggregate expenditures to changes in the interest rate. D. strength of the effect of inflation on real balances.x
Which of the following is a nonrenewable source of energy?
a. Corn b. Ethanol c. Petroleum d. Bagasse e. Biomass