The object of the Northwest Ordinances of 1785 and 1787 was to preserve the public domain from private exploitation
Indicate whether the statement is true or false
False
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Which condition would generate a violation of the Ricardian Equivalence?
A) downward sloping labor supply curve B) underdeveloped credit markets C) inflationary monetary policy D) deflationary monetary policy
Higher prices
a. are always against the public interest. b. may sometimes serve the public interest. c. should never be allowed. d. occur automatically for abundant goods.
Which of the following describes the law of diminishing control?
A. After regulations are enacted, institutions find ways around the regulations. B. The Federal Reserve Bank cannot impact excess reserves and the money supply. C. Financial institutions have few ways to assess the solvency of borrowers. D. As people engage in leverage, they have less and less control over the price of the asset.
The labor demand curve shows how many workers the firm is willing to hire
A. at any particular time. B. at a particular amount of labor supplied. C. at any given wage. D. when demand for the firm's output is low. E. into high-skill jobs.