The South was characterized by all of the following except
(a) large plantations and slave labor.
(b) a more unequal distribution of income and wealth than in the North.
(c) a lack of public education systems.
(d) a strong manufacturing sector.
(d)
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Which of the following would be removed from the U.S. aggregate demand measurement?
A. Japan’s purchase of General Electric combines from the United States B. China’s purchase of soybeans from U.S. farmers C. A foreign tourist’s purchase of New York City Statue of Liberty keychains D. An American professor’s purchase of a vintage manuscript from Rome, Italy
In the second half of the twentieth century, the U.S. inflation rate was at its highest in the period from
A) 1960 to the early 1970s. B) the mid-1970s to the early 1980s. C) the mid-1980s to the early 1990s. D) 1990-2000.
In the Keynesian system, an increase in the money stock would
a. increase the interest rate, which, in turn, would increase aggregate demand and income. b. decrease the interest rate, which, in turn, would decrease aggregate demand and income. c. decrease the interest rate, which, in turn, would increase aggregate demand and income. d. decrease the interest rate but would have no effect on aggregate demand and income.
Having more money and a bigger house than other people is the key to happiness. Which economic approach is most consistent with this idea?
A. Engineering B. Behavioral C. Traditional D. Keynesian