During the Great Depression, the rate of unemployment in the United States reached a high of
a. 10 percent.
b. 15 percent.
c. 20 percent.
d. 25 percent.
d. 25 percent.
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King James of England granted the Virginia Company all land "from sea to sea." The Proclamation Line of 1763 supported this grant
Indicate whether the statement is true or false
Which of the following factors is always present in consumer decision making?
a. taxes b. high prices c. scarcity d. changing consumer tastes e. cost-of-living adjustments to income
The present value of $1 received n years from now is found by dividing 1 by _______.
Fill in the blank(s) with the appropriate word(s).
If a government raises its expenditures by $50 billion and at the same time levies a lump-sum tax of $50 billion, the net effect on the economy will be to:
A. Increase GDP by less than $50 billion B. Increase GDP by more than $50 billion C. Increase GDP by $50 billion D. Make no change in GDP