According to Simon Kuznet's (1958) research, the pattern of immigration in 1865–1914
(a) showed long swings but not the short-term business cycle fluctuations.
(b) showed no long swings in the 1820–1860 period, but did show the business cycle.
(c) showed both business cycle patterns and long swing patterns.
(d) unlike 1820–1860, showed neither short cycles nor long swings, but was instead a
steady surge after the Civil War ended.
(c)
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A given supply curve has a zero intercept. At the current equilibrium price the price elasticity of supply equals
A) 1. B) 0. C) 2. D) Not enough information.
Neo-Keynesians believe that the government will never have to choose between policies to control unemployment and policies to control inflation
Indicate whether the statement is true or false
According to the text, the real source of power in the modern corporation lies with the
a. stockholders b. bondholders c. board of directors d. bankers e. managers
The direct effect of an increase in the money supply is to
A. decrease aggregate demand as people anticipate future economic problems. B. increase interest rates as people anticipate higher inflation in the future. C. increase aggregate demand as people try to spend their excess money balances. D. raise interest rates as people increase their saving.