During the period following the Revolution,:
a. the populations of the major cities increased dramatically.
b. per capita exports decreased slightly for the southern states.
c. per capita exports decreased sharply for the southern states.
d. on average, per capita exports increased.
c. per capita exports decreased sharply for the southern states
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Which United States President is most closely identified with the Great Depression?
a. Calvin Coolidge. b. Herbert Hoover. c. Franklin Roosevelt. d. Theodore Roosevelt. e. Richard Nixon.
If people behave according to rational expectations theory, people would expect the rate of inflation this year to be:
a. the same as last year. b. zero, regardless of the rate last year. c. the rate based on predictable monetary and fiscal policies. d. All of these.
Other things constant, a decrease in aggregate demand will
a. lead to a decrease in the demand for resources. b. cause an increase in the general level of prices. c. result in higher nominal wage rates. d. reduce the rate of unemployment.
Which statement is true?
A. Derived demand is the demand for resources. B. Resources are measured by units of outputs. C. Final demand is measured by units of inputs. D. None of the statements are true.