After a shift in the aggregate demand curve, which variable adjusts to restore general equilibrium?
A) price level
B) real interest rate
C) consumption spending
D) investment spending
A
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Refer to Table 5.1. Hector should specialize in the production of
A) bracelets. B) tiaras. C) both products. D) neither product.
According to Robert Gordon, what led to the decline in unemployment in the 1940s?
A) structural barriers to expanding output and employment disappeared once a sufficiently large increase in aggregate demand had taken place B) decline in unionization of the workforce C) President Truman moving away from the policies implemented by President Roosevelt D) the strengthening of property rights following the end of the New Deal
According to research by James Shepherd and Samuel Williamson, colonial coastal commerce comprised about _________ of the volume of total overseas trade
a. one-tenth b. one-third c. one-half d. three-fourths
The most important weakness of the Sherman Antitrust Act was that
a. the Supreme Court refused to enforce it b. it wasn't specific about the types of acts which would violate the law c. it didn't outlaw restraints of trade d. it was too complicated e. it was too specific