In 1776, ______________ was the most populated colonial city
a. New York
b. Philadelphia
c. Charleston
d. Boston
b. Philadelphia
You might also like to view...
According to real business cycle theory, which of the following events is least likely to cause a recession?
A) A decline in the money supply B) A decline in the capital stock C) A decline in productivity D) A decline in labor supply
Crude oil is primarily supplied to the world market by a few Middle Eastern countries. Such a market is an example of a(n) (i) imperfectly competitive market. (ii) monopoly market. (iii) oligopoly market
a. (i) and (ii) only b. (ii) and (iii) only c. (i) and (iii) only d. (iii) only
Higher interest rates
A. increase total planned real expenditures because they lower the costs of building new plants and equipment. B. reduce total planned real expenditures because they increase the cost of borrowing funds. C. reduce total planned real expenditures because they reduce the income of bankers and other creditors. D. increase total planned real expenditures because they increase the incomes of all people in the economy.
What is the effect of net exports, either positive or negative, on equilibrium GDP?
What will be an ideal response?