A two-firm oligopoly is called a

In quantity theory terms, during a hyperinflation,

A) money supply increases rapidly, but velocity does not B) velocity increases rapidly, but money supply does not C) both the money supply and velocity increase rapidly D) neither the money supply nor velocity increase rapidly

According to Walton and Rockoff, the primary reason the Federal government failed to build an adequate highway system before the Civil War was

a. the technology was not available. b. the canal craze diverted attention. c. rivalries among different sections of the country stalled legislation. d. the teachings of Adam Smith were taken too literally.