Diseconomies of scale occur when high levels of output are produced in a short period of time

The federal goal of making land widely accessible, especially in the last half of the 19th century,

a. was largely realized without fraud or favoritism. b. was implemented despite a process that favored special interests. c. was often subverted by fraud. d. None of the above is correct. e. Only b and c are correct.

The term inflation is used to describe a(n): a. rise in the value of money

b. decline in nominal income. c. sustained increase in the price level. d. general reduction in prices. e. economic problem faced only by the elderly population.