Which of the following provides fiscal stimulus to the economy?
A. Higher interest rates
B. Increased imports
C. More efficient employment of resources
D. Increased government purchases
D. Increased government purchases
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Between 1860 and 1910, output in manufacturing, mining, and railroad freight hauling
a. expanded more rapidly than the labor force in these sectors. b. grew at about the same rate as the labor force in these sectors. c. grew more slowly than the labor force in these sectors. d. expanded, while the labor force in these sectors declined.
The aggregate supply curve in the short run is vertical in __________ version of the AD-AS framework
A) the simple quantity theory of money B) the monetarist C) both the simple quantity theory of money and the monetarist D) neither the simple quantity theory of money nor the monetarist
Which of the following defines monopolization?
A) the Securities and Exchange Commission B) the Federal Reserve C) U.S. Supreme Court D) Federal Trade Commission Act
The entry and exit of firms in a monopolistically competitive market guarantee that
A) marginal revenue equals marginal cost and average total cost is minimized. B) firms can earn economic profits in the long run. C) price equals average total cost in the long run. D) firms can earn economic profits in the short run.