An example of an oligopoly is:
a. the commercial airline industry.
b. a stock market
c. the video rental industry.
d. the market for eyeglasses.
a
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An increase in the money stock has no effect on equilibrium income whenever the
a. IS curve is horizontal. b. IS curve is vertical. c. LM curve is vertical. d. LM curve is horizontal.
On the eve of the Civil War, what was the number one export in the U.S.?
(a) Cotton (b) Wheat (c) Gold (d) Shipping services
The primary cause of inflation is a. growth in the quantity of money. b. variability in relative prices
c. inter-bank lending. d. reduced velocity of money.
Research by Harvard economists Barro and McCleary revealed that church attendance and economic growth have a(n) _______________ relationship. They also found that specific religious beliefs (in heaven, hell, and afterlife) and economic growth have a(n) ___________ relationship
A) inverse; inverse B) direct; direct C) inverse; direct D) direct; inverse