Suppose A and B are complementary goods. Other things being equal, the demand curve for A will shift to the right when the price of B goes up
a. True
b. False
Indicate whether the statement is true or false
False
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How does contractionary monetary policy affect net exports in the short run?
A) Contractionary monetary policy reduces exports and increases imports. B) Contractionary monetary policy increases exports and reduces imports. C) Contractionary monetary policy increases exports and increases imports. D) Contractionary monetary policy reduces exports and reduces imports.
In the classical model, if money growth and velocity are constant, then:
a. the price level will rise at the rate of output growth. b. the price level will be constant. c. the price level will fall at the rate of output growth. d. none of the above.
Data on Northeastern manufacturing firms show that firm size (number of workers per firm) increased for _________________ between 1820 and 1860
a. mechanized industries b. non-mechanized industries c. mechanized and non-mechanized industries d. only the textile industry
For the tenant in the post-bellum South, the advantage of sharecropping compared with renting for cash was that _____
a. the sharecropper's output was less dependent on weather b. the sharecropper realized all of the gains from extra effort c. sharecropping required more capital than renting d. under sharecropping the landlord absorbed part of the risk of a bad harvest