The best description of US economic growth during the 1800s is:
a. The annual growth rate for the 20 years preceding the Civil War was about the same as the annual growth rate from 1870-1899 while the growth rate during the Civil War was higher than either period.
b. The annual growth rate for the 20 years preceding the Civil War was lower than the annual growth rate from 1870-1899
c. The annual growth rate for the 20 years preceding the Civil War was greater than the annual growth rate from 1870-1899
c. The annual growth rate for the 20 years preceding the Civil War was greater than the annual growth rate from 1870-1899
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If technological change increases the profitability of new investment for firms, then the ________ curve for loanable funds will shift to the ________ and the equilibrium real interest rate will ________
A) demand; right; rise B) demand; left; fall C) supply; left; rise D) supply; right; fall
Measuring expenditures and income with the price level allowed to vary, so that changes in these values represent changes in either the actual amount of goods, services, and income or changes in the price level or a combination of both factors is
denoted in ________ terms. A) nominal B) real C) constant dollar D) all of the above