The American Revolution and Constitution resulted in
(a) a dramatic change in laws and the ownership of property.
(b) greatly expanded rights for wage workers and indentured servants.
(c) the elimination of a land-owning aristocracy.
(d) very little major change with respect to laws and ownership of property, though there was
a strengthening of property rights.
(d)
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A decrease in the reserve requirement will cause a decrease in the money multiplier.
a. true b. false
In Japan in 2000 the price level fell by 5 percent and the money wage rate did not change. As a result, there was a
A) movement down along Japan's short-run aggregate demand curve. B) movement down along Japan's short-run aggregate supply curve. C) rightward shift in Japan's short-run aggregate supply curve. D) movement down along Japan's long-run aggregate supply curve.