An increase in the money supply:
a. will definitely result in inflation if unemployment is high and there is much unused industrial capacity.
b. shifts the aggregate demand curve to the left

Scholars know the national origins of Americans at the end of the colonial period because

(a) the study of surnames provides the necessary information. (b) people had to declare their country of origin when entering the colonies. (c) tax laws required this information. (d) an annual census provided this information.

The crowding-out effect is:

A. strongest when the economy is at full employment. B. strongest when the economy is in a deep recession. C. weakest when there is demand-pull inflation. D. equally strong, regardless of the state of the macroeconomy.