Which of the following statements is supported by the research of economic historians?
(a) Canals and railroads were built with a mixture of private and public enterprise and
financing.
(b) Canals and railroads were built largely without U.S. government participation.
(c) Canals were built with public assistance, but railroads were built with almost no
government assistance.
(d) Railroads were built with public assistance, but canals were built by private enterprise.
(a)
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When developing classical models, there is an assumption that wages and prices will remain fixed relative to changes in supply and demand
Indicate whether the statement is true or false
The demand for loanable funds curve shifts rightward when
A) expected profit decreases. B) the real interest rate rises. C) the real interest rate falls. D) expected profit increases. E) wealth rises.