What did Steckel (1986) find when he compared the slave population to today's white population?
(a) The mortality rates of the slaves were much higher than those of modern whites.
(b) Prenatal and postnatal care was the same.
(c) The number of pregnancies brought to term in each group was about the same.
(d) All of the above.
(d)
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Starting from long-run equilibrium, a large tax cut will result in a(n) ________ gap in the short-run and ________ inflation and ________ output in the long-run.
A. expansionary; higher; higher B. expansionary; higher; potential C. recessionary; higher; potential D. recessionary; lower; lower
The Federal Reserve's buying and selling of bonds through their open market operations is an example of fiscal policy
Indicate whether the statement is true or false
Julia prepares tax returns and does bookkeeping. Last year her revenues from the tax and bookkeeping business were $150,000 . and her expenses for the business were $15,000 . When she started her tax and bookkeeping business, Julia gave up her supplemental job doing in-home pet sitting. She used to earn $10,000 per year from pet sitting. Assume that she incurred no costs for her pet sitting
business. Julia's accounting profits are a. $160,000. b. $150,000. c. $135,000. d. $125,000.
When government owns a natural monopoly and avoids subsidies, it:
A. sets price above marginal cost. B. still creates deadweight loss. C. recognizes setting price equal to marginal cost would cause the enterprise to incur losses. D. All of these statements are true.