Of all of the components of aggregate demand, the most interest sensitive is:
A. government purchases.
B. consumption.
C. investment.
D. net exports.
Answer: C
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For country A, an export is a good produced in
A) country B and purchased by residents of country A. B) country A and purchased by residents of country A. C) country B and purchased by residents of country B. D) country A and purchased by residents of country B.
A trough occurs at point
A. V.
B. W.
C. X.
D. Y.
The aims of mercantilists do not include
a. achieving power and wealth for the state. b. achieving political and economic unity. c. keeping artisans in the home country. d. All of the above were aims of the mercantilists.
The failure of the Knights of Labor to bring about structural change in the U.S. economy and society was mainly due to
a. the disruptive activities of detective agents hired by employers b. its inability to convince its own members of the importance of these wider goals c. its failure to represent the less-skilled industrial workers d. its excessive focus on craft unions e. its limited membership