Between 1810 and 1860 the number of workers in manufacturing
a. doubled.
b. tripled.
c. increased fivefold.
d. increased tenfold.
e. increased twentyfold.
e. increased twentyfold.
You might also like to view...
The U.S. interest rate has ________ on the supply of dollars and has ________ on the demand for dollars
A) an effect; an effect B) no effect; no effect C) an effect sometimes; an effect sometimes D) no effect; an effect E) an effect; no effect
Using Taylor's rule, when the equilibrium real federal funds rate is 3 percent, the positive output gap is 2 percent, the target inflation rate is 1 percent, and the actual inflation rate is 2 percent, the nominal federal funds rate target should be
A) 5 percent. B) 5.5 percent. C) 6 percent. D) 6.5 percent.
If the coefficient a in the new classical expression for short-run aggregate supply were equal to zero,
A) aggregate output would always be at its full-employment level. B) the short-run aggregate supply curve would slope down. C) the short-run aggregate supply curve would be a horizontal line. D) aggregate output would only differ from its full-employment level if the actual price level did not equal the expected price level.
Investment is a flow of resources into the production of new capital
a. True b. False Indicate whether the statement is true or false