Albert Fishlow argued that if the railroads were built ahead of demand we would observe initial profit rates that were ______ and initial population densities near railroads that were _______

a. low; high.
b. high; low.
c. low; low.
d. high; high.

c. low; low.

Economics

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An increase in which of the following will increase the value of the spending multiplier?

A) The supply of money B) Equilibrium output C) Personal income tax rates D) The marginal propensity to consume E) The required reserve ratio

Economics

A duopoly is a form of

A) perfect competition. B) monopolistic competition. C) oligopoly. D) monopoly.

Economics