The farm revolt (Populism) led ultimately to all of the following changes in society except
(a) Universal public education
(b) Women's suffrage
(c) Secret ballots
(d) The vote for working men
(d)
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A predominant view among Federal Reserve officials is that
A) the Phillips curve is unimportant. B) the Phillips curve helps us forecast inflation. C) the Phillips curve helps us forecast the nominal interest rate. D) the Phillips curve does not exist in the data.
Calculate the dollar price of a German automobile worth 40,000 euros, if the dollar per euro exchange rate is 1.5
a. $41,500 b. $26,700 c. $60,000 d. $50,000 e. $38,500
If demand is inelastic, a drop in price will raise total expenditure
a. True b. False Indicate whether the statement is true or false
If a local ready-mix cement company is the only producer of cement in the local market, the monopoly power of the firm will
a. be small if entry barriers into the local market are high. b. depend on how many other sellers of similar products there are in the national market. c. be total since there are not any other sellers of the same product in the local market. d. be minimal if the entry barriers restricting competition from other firms are low.