Under the Bland-Allison Act of 1878,
(a) the U.S. Treasury committed to buying silver for coins at the
current market price.
(b) the U.S. Treasury committed to buying gold for coins at a set price.
(c) the U.S. was placed on the gold standard.
(d) the National Monetary Commission was created.
(a)
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The demise of debt peonage in the post-Civil War South was partly due to all of the following except:
a. the arrival of the boll weevil. b. improved transportation and the growth of mail-order houses. c. increased urbanization and industrialization. d. federal land reform legislation that redistributed the ownership of southern land.
A recession is best defined as a period during which: a. the percentage of the population employed increases. b. employment, output, and income decrease
c. the average price level in an economy decreases. d. the usage of labor and capital resources increases. e. budget deficit and trade deficit decrease.
If there are no unexploited opportunities for individuals in a particular market, then one can conclude that:
A. the market is in equilibrium. B. government regulation has been successful. C. a socially optimal outcome has been achieved. D. the market is not in equilibrium.
Which of the following would be expected to shift the consumption function down?
A. increases in real disposable income B. expectations of more business profits ahead C. increases in wealth D. decreases in the nation's population