From 1800-1860 which part of the nation was most opposed to high tariffs?
a. South.
b. New England.
c. Middle Atlantic States.
d. Far Western States.
a. South.
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Figure 9.1 shows three aggregate demand curves. A movement from curve AD1 to curve AD0 could be caused by a(n)
A) increase in government spending. B) decrease in taxes. C) increase in the price level. D) decrease in the money supply.
Which of the following is not a lagging indicator?
A. duration of unemployment B. stock prices C. commercial and industrial loans D. prime rate
Each of these is a category of C except
A. durables. B. nondurables. C. residential construction. D. services.
Refer to the cost table below. If a competitive firm faced with these costs finds that it can sell its product at $60 per unit, it will:
A. Produce 5 units and incur a loss of $50
B. Produce 6 units and incur a loss of $30
C. Produce 7 units and realize a profit of $32
D. Close down in the short run