What is not correct about the Northern U.S. abolitionist movement?
a. Northern slaveholders could sell their slaves to the south.
b. Slave owners in the North suffered significant economic loss because of the movement.
c. Most Northern states freed slaves after they had reached a minimum age.
d. In most northern states freedom was granted over a gradual period of time.
b. Slave owners in the North suffered significant economic loss because slaves were given their freedom much sooner than in the South.
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Keynesian models involve considerable efforts to explain the determinants of
A) the money supply. B) aggregate supply. C) liquidity preference. D) the demand deposit multiplier.
If the federal government tries to make fiscal policy sustainable by increasing taxes on capital income, the after-tax return to capital goods will ________ and will result in ________ potential GDP
A) increase; lower B) decrease; higher C) decrease; lower D) increase; higher
In 1960, spending on income transfers and health care accounted for 21.5 percent of the federal budget. In 2012, these two items accounted for
a. less than 15 percent of the federal budget. b. approximately 25 percent of the federal budget. c. approximately 37 percent of the federal budget. d. approximately 57 percent of the federal budget.
Any market that is served by an oligopoly is in effect served by a monopoly
a. True b. False Indicate whether the statement is true or false