Which of the following federal activities was new under the New Deal? The federal government
(a) subsidized building construction.
(b) provided federal finances to build houses.
(c) established regulatory agencies intended to influence activities in private markets.
(d) engaged in all of the above.
(b)
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Suppose farmers in a given market can either grow soy beans or corn on their land. In addition, suppose an increase in the demand for corn causes the price of corn to increase. As a result of the increase in the price of corn, farmers who were already growing corn will earn an:
A. economic loss in the short run. B. economic profit in the long run. C. economic loss in the long run. D. economic profit in the short run.
According to the efficient markets theory of stock prices,
a. fundamental analysis is a way to profit from predicting stock prices b. fundamental and technical analysis are largely useless c. technical analysis is the best approach to profit from predicting stock prices d. fundamental and technical analysis must be synthesized in order to profit from predicting stock prices e. whether fundamental and technical analysis can be profitable depends on the specific firm being analyzed
Figure 9-1
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In Figure 9-1, the economy is
A. experiencing an inflationary gap, shown by the horizontal distance EB. B. at full employment without inflation. C. experiencing a recessionary gap, shown by the horizontal distance EB. D. experiencing a recessionary gap, shown by the distance between EF.
Economists who focus their analyses on the effects of a change in the money supply and velocity are called
a. realists. b. Keynesians. c. supply-siders. d. monetarists.