Between 1850 and 1860 the prices of slaves ____ than the price of cotton
a. increased more
b. decreased more
c. increased less
d. decreased less
b. increased more
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Internal balance can be graphically represented as the intersection of the IS curve with the LM curve
Indicate whether the statement is true or false
In measuring income distribution, income and population are grouped by quintiles, each of which represents ______ percent of the income and population
a. 25 b. 20 c. 10 d. 100 e. 50
The Lucas critique focuses specifically on:
A. the role that economic policymaking has on people's economic behavior. B. the relationship between Fed policy and the money supply. C. the inability to measure economic performance accurately. D. the moving away from fixed exchange rates to flexible exchange rates.
When a firm obtains market power through barriers to entry created not by the firm, but by the government, it is referred to as:
A) legal market power. B) regulated market power. C) firm-biased market power. D) differentiated market power.