Which of the following is responsible for Spain's eventual decline in influence?
a. The lack of a solid foundation for its settlement efforts
b. A costly war to bring the Low Countries under subjection
c. The decline in gold and silver imports from America
d. All of the above
d. All of the above are correct.
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The demand for loanable funds curve shows the relationship between the quantity of loanable funds demanded and
A) the capital stock. B) the expected rate of profit. C) the real interest rate. D) depreciation. E) the price level.
What made the recession of 2007-2009 different than any other recession since the Great Depression?
A) the government did not implement a fiscal stimulus B) the Fed failed to reduce interest rates C) it was accompanied by a financial crisis D) the impact was primarily limited to the financial sector
The AFL was headed by ___________ from 1886 until 1924.
Fill in the blank(s) with the appropriate word(s).
In the Keynesian model, with efficiency wages,
A. the full-employment level is determined at the intersection of the labor demand curve and the efficiency wage line. B. an increase in labor supply increases employment. C. a decrease in labor supply shifts the FE line to the left. D. the full-employment line is determined where the quantity of labor demanded equals the quantity of labor supplied.