Which of the following expeditions is associated with Bartholomeu Dias?
a. Rounding the Cape of Good Hope
b. Sailing from Portugal to India and back to Portugal
c. Sailing around the world
d. Reaching South America
e. Exploring the interior landmass of Canada
a. Rounding the Cape of Good Hope
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Which of the following is assumed constant in the short-run Classical model?
A) Money supply B) Output C) Aggregate demand D) Wages
For a given market demand curve, if the market clearing price increases, then the amount of producer surplus will
A) decrease. B) increase. C) become negative. D) none of the above due to insufficient information.
Cost-of-living adjustment is a/an ________ in a transfer payment or wage that results in ________ in the price level
a. increase; increase b. increase; decrease c. decrease; increase d. decrease; no change
The Federal Reserve monetary policy goals of maximum employment mean
What will be an ideal response?