In the early decades of the 18th century, English goods sold for as much as 80 to 140 percent more in the colonies than in England primarily due to:
a. high tariffs on English goods imported to the colonies.
b. a limited supply of English goods available for shipment to the colonies.
c. high transportation costs for goods shipped from England to the colonies.
d. legally established price floors on English goods sold in the colonies.
c. high transportation costs for goods shipped from England to the colonies.
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A change in the price level produces a ________ the aggregate demand curve. i. shift in ii. change in the slope of iii. movement along
A) i only B) ii only C) iii only D) i and iii E) i and ii
A sound policy to combat a temporary liquidity surplus in the banking system would be
A) a reduction in the discount rate. B) a decrease in the discount rate. C) the purchase of government securities by the Fed under a repurchase agreement. D) the sale of government securities by the Fed under a repurchase agreement.