Many late 19th century managerial innovations were first developed by
a. the automobile industry.
b. the railroads.
c. the textile industry.
d. the iron and steel industries.
b. the railroads.
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Risk can often be reduced by investing in a large number of projects
Indicate whether the statement is true or false
The equation of exchange states that the quantity of money multiplied by the number of times this money is spent in a given year must equal
A) nominal income. B) real income. C) real gross national product. D) velocity.
The market equilibrium for a public good occurs at the intersection of the market demand and market supply curves
a. True b. False Indicate whether the statement is true or false
The extent to which a given change in investment affects aggregate demand depends:
a. on the change in interest rate. b. on the size of the spending multiplier. c. on the change in money supply. d. on the change in investment.