After the Civil War, wheat production became regionally specialized and output production in the Midwest increased consequently
Indicate whether the statement is true or false
True
You might also like to view...
If people choose to hold some of a newly received loan as cash instead of keeping it in a checking account, _____
a. the money supply will not increase as much as it would had borrowers deposited all of the money b. the money supply will remain unchanged c. the money supply will decrease as much as it would had borrowers deposited all the money d. the banking system will collapse e. the economy will experience a recession
When the Federal Open Market Committee sells U.S. government securities in the open market, the money supply is reduced
Indicate whether the statement is true or false
Based on the graph showing a reduction in the growth of the money supply, as the economy moves from point D to point F, the trade-off between inflation and unemployment ______.
a. decreases slightly
b. increases slightly
c. holds steady
d. disappears
Explain what human capital is and discuss how changes in human capital can affect output per worker
What will be an ideal response?