Which of the following statements is supported by the research of economic historians?
(a) Canals and railroads were built with a mixture of private and public enterprise and
financing.
(b) Canals and railroads were built largely without U.S. government participation.
(c) Canals were built with public assistance, but railroads were built with almost no
government assistance.
(d) Railroads were built with public assistance, but canals were built by private enterprise.
(a)
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The short-run Phillips curve shifted during the 1970s primarily because of
A) the two large oil price shocks. B) the changing demographics of the population. C) tight monetary policy. D) easy fiscal policy.
The current account shows transactions in goods and services; the capital account shows purchases and sales of assets; and the official reserve transactions account shows movement of international reserves
a. True b. False
Refer to the information provided in Figure 30.2 below to answer the question(s) that follow.
Figure 30.2Refer to Figure 30.2. Labor productivity at time t2 is
A. larger than labor productivity at time t1. B. larger than labor productivity at time t1, but less than labor productivity at time t3. C. less than labor productivity at time t3. D. less than labor productivity at time t4.
Refer to the diagram. The multiplier in this economy is:
A. 0E/0A.
B. BD/FG.
C. FG/BD.
D. BD/AD.