Andrew Carnegie is most recognized for:
a. being the first manufacturer to utilize the assembly line in large-scale production.
b. being a leader in the steel industry.
c. helping implement many of FDR's New Deal policies.
d. being a prominent Civil War general.
b. being a leader in the steel industry.
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The aggregate price level is likely to rise if ________
A) the long-run real interest rate rises B) the long-run nominal interest rate rises C) the stock of money grows faster than real GDP D) real GDP grows faster than the stock of money
Frictional unemployment is the result of
A) the economy entering a strong expansion. B) normal labor market turnover. C) a slowdown in the rate of economic expansion. D) changes in the weather. E) technological change or foreign competition.
Leisure-Consumption indifference curves
a. slope upward and are concave. b. slope upward and are convex. c. slope downward and are concave. d. slope downward and are convex.
Since the early 1970s, welfare benefits have declined,
a. which is largely due to the success of the negative income tax program. b. which is largely due to the success of private charities. c. yet the percentage of children living with only one parent has increased. d. and the percentage of children living with only one parent has decreased.