The considerable rise of manufacturing in the last half of the 19th century has become known as
a. the Great Leap Forward.
b. the Industrial Revolution.
c. the Second Industrial Revolution.
d. the Ascendancy of Manufactures.
c. the Second Industrial Revolution.
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Using the Rule of 70, if China's current growth rate of real GDP per person was 7 percent a year, how long would it take the country's real GDP per person to double?
A) 35 years B) 14 years C) 10 years D) 49 years
What are the primary arguments for and against the independence of the Fed?
What will be an ideal response?
Luxury brands like designer sunglasses are goods that may exhibit snob effects. Suppose this is true, and the price for a particular brand increases. What happens to the component changes in the quantity demanded?
A) Pure price effect and snob effect are negative B) Pure price effect and snob effect are positive C) Pure price effect is positive, snob effect is negative D) Pure price effect is negative, snob effect is positive
The aggregate demand curve shifts to the right if
a) the government decreased welfare programs b) the Fed decreased the reserve requirement c) the government raised taxes d) the demand for money increased e) none of the above shifts the aggregate demand curve to the right