The Industrial Revolution refers to the widespread use of power-driven machinery and the economic and social changes that resulted in the first half of the years of the 1800s.
Select whether the statement is true or false.
A. True
B. False
A. True
This statement is true. The Industrial Revolution refers to the widespread use of power-driven machinery and the economic and social changes that resulted in the first half of the years of the 1800s.
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Which of the following events could result in the consumption function shifting from CF0 to CF2?
A) an increase in disposable income B) an increase in expected future income C) a decrease in wealth D) a decrease in the real interest rate E) a decrease in disposable income The figure above shows two aggregate expenditure lines.
Keough plans and IRAs are
A) individual pension plans. B) government pension plans. C) corporate pension plans. D) public pension plans.
If banks faced a 100 percent reserve requirement, a $10,000 addition to banking reserves would increase the money supply by:
a. $100 b. $1,000. c. $10,000. d. $100,000.
The estimated demand for a good is
= 4800 - 16P - 0.65M - 1.5PRwhere Q is the quantity demanded of the good, P is the price of the good, M is income, and PR is the price of related good R. The coefficient on P
A. is negative as dictated by the law of demand. B. violates the law of demand. C. should not be greater than one (in absolute value). D. should have the same sign as the coefficient on PR. E. both c and d