Before 1815, Hughes and Cain (2011) claim, westward movement was blocked by
(a) disputed claims to western lands.
(b) lack of government land sale surveys and offices.
(c) hostile Indian tribes.
(d) all of the above.
(d)
Economics
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If the interest rate is 10 percent, the present value of $400 to be received one year from today is about
A) $440. B) $390. C) $364. D) $377.
Economics
In the monetarist model, an autonomous increase in investment demand would have
a. only a weak effect on the level of output. b. a strong positive effect on the level of output. c. no effect on the interest rate. d. stronger effects on output if financed with increases in the money supply. e. both a and d.
Economics