Under the National Banking Acts of 1863 and 1864, the U.S. monetary system
(a) experienced drastic changes.
(b) played a role in helping the Union finance the Civil War.
(c) permitted, for the first time, the federal government to charter banks.
(d) protected the rights of states to be the only entities to charter banks.
(c)
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Which of the following is NOT one of the factors your text identifies that could affect the size of the multiplier?
A) What sector of the economy receives the initial increase in spending B) How the spending is financed C) Whether the economy is in recession or at full employment D) Whether the economy is in autarky equilibrium
Diversification cannot reduce market risk
a. True b. False Indicate whether the statement is true or false
An increase in the supply of musicians ________ the number of musicians employed, and ________ the wages paid to musicians.
A. increases; increases B. increases; decreases C. decreases; increases D. decreases; decreases
Refer to the information provided in Figure 2.6 below to answer the question(s) that follow.
Figure 2.6Refer to Figure 2.6. An increase in the economy's capital stock is represented by a
A. shift from ppf2 to ppf1. B. movement along ppf1. C. shift from ppf1 to ppf2. D. movement along ppf2.