The long-run aggregate supply curve assumes that
A) the unemployment rate is more than 9 percent.
B) there is no government purchasing of goods and services.
C) only laborers are fully employed.
D) all factors of production are fully employed.
D
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Who wrote the following criticism of European colonial expansion into poorer non-European nations? "The superiority of force happened to be so great on the side of the Europeans, that they were enabled to commit with impunity every sort of injustice
in those remote countries." A) Adam Smith B) Karl Marx C) Alfred Marshall D) John Maynard Keynes E) John Kenneth Galbraith
Which of the following is a permanent member of the Federal Open Market Committee?
A) President of the New York Federal Reserve Bank B) President of the Washington, D.C. Federal Reserve Bank C) Comptroller of the Currency D) Secretary of the Treasury