In the decade immediately following emancipation, former slaves
a. were willing to work under the gang system in return for wages and benefits.
b. decreased their labor supply.
c. obtained ownership of roughly 40 percent of southern farms.
d. moved to northern states in large numbers.
b. decreased their labor supply.
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The You Look Marvelous! cosmetic company is considering building a new shampoo factory. Its accountants and board of directors meet and decide that it is not a good idea to build the factory. If interest rates fall after the meeting
a. the present value of the factory rises. It's more likely the company will build the factory. b. the present value of the factory rises. It's less likely the company will build the factory. c. the present value of the factory falls. It's more likely the company will build the factory. d. the present value of the factory falls. It's less likely the company will build the factory.
The case for government stabilization policy is made more compelling if the
A. self-correcting mechanism works very slowly. B. self-correcting mechanism works too fast. C. value of the multiplier is very small. D. aggregate supply curve is very flat.