With railroads, ________ considerations were given to rural areas at the expense of urban areas.
Fill in the blank(s) with the appropriate word(s).
Ans: EQUITY
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If potential output equals 8,000 and short-run equilibrium output equals 8,500, there is a(n) ________ gap and the Federal Reserve must ________ real interest rates in order to close the gap.
A. recessionary; not change B. recessionary reduce C. recessionary; raise D. expansionary; raise
The present value of $100 to be received one year from now
A) is $100. B) is $110. C) is $90. D) cannot be determined without knowing the interest rate.
Generally speaking, by 1860 which of the following groups could not vote in the U.S.?
a. white male citizens b. black males in New York and New England c. alien males in the agricultural Northwest d. white women in the North
A balance of payments deficit is defined as the amount by which
A. a country’s exports exceed its imports. B. a currency must appreciate in order to reach equilibrium. C. quantity supplied of a country’s currency exceeds quantity demanded. D. quantity demanded of a country’s currency exceeds quantity supplied.