According to Keynes, the effect on planned real investment spending resulting from the interest-rate impact of an increase in the money supply
A. impacts the economy through the multiplier.
B. impacts the economy by reducing the deficit.
C. impacts the economy by increasing the amount of government spending.
D. does not impact the economy.
Answer: A
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Select the statement that LEAST reflects organized labor's real contribution in the safety movement.
In the above figure, if the Lorenz curve were to move closer to the diagonal line containing points b and c, the income distribution would be
A) more unequal. B) more equal. C) unchanged. D) More information is needed to determine how this change would affect the income distribution.
After having a monopoly in the diamond market for many years, by 2000 the De Beers company faced competition from other companies. To maintain its market share, De Beers
A) lowered the prices of its diamonds to make the market appear less profitable to potential competitors. B) began buying so-called "blood diamonds" in order to keep these diamonds out of the control of other diamond companies. C) bought diamond mines in Canada and Russia that had been its competitors. D) adopted a strategy of differentiating its diamonds. Each of its diamonds is now marked with a microscopic brand.
In the 1870s, excess capacity in the railroad industry led to:
a. rates wars. b. the formation of regional federations to pool traffic or profits. c. price-fixing. d. hidden rate-cutting through rebates. e. All of the above.