Farmers who joined the Greenback Party in the late-19th century felt that
a. the government should make efforts to curb the inflation that the country was experiencing.
b. farm prices were too high in comparison to the overall price-level of the economy.
c. the government should own all transportation and communication facilities.
d. an increase in the money supply would benefit debtors.
d. an increase in the money supply would benefit debtors.
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Use the following table with data for a private closed economy (an economy with only a private sector and no international trade) to answer the next question. All figures are in billions of dollars.Expected Rate of ReturnInvestmentConsumptionGDP10%$0$400$4008100500600620060080043007001,00024008001,20005009001,400If the real rate of interest is 2%, then the equilibrium level of real GDP will be
A. $800 billion. B. $1,200 billion. C. $1,400 billion. D. $1,000 billion.
If Dylan saves $50 per week, then Dylan's ________ will increase by $50 per week.
A. wealth B. investment C. consumption D. taxes
Which of the following is least likely to be considered a capital input?
A) a sewing machine B) a tractor C) a telephone D) a ten dollar bill
Refer to the information provided in Figure 15.5 below to answer the question(s) that follow. Figure 15.5 Refer to Figure 15.5. Assume the Custom Sweater Shop has fixed costs of $275 and is a monopolistically competitive firm. If this firm is attempting to maximize profits, the firm's profit is
A. -$275. B. -$100. C. -$75. D. $0.