Quantitative evidence on federal land policy has led current economic historians to conclude that
a. the policy was inefficient and reduced total output.
b. the policy was largely inefficient, with evidence of increased output only found on large farms.
c. the Homestead Act allowed western farmers to enjoy rising agricultural prices for most of the post-bellum period.
d. average rates of return on western agricultural investments were comparable to those in manufacturing.
d. average rates of return on western agricultural investments were comparable to those in manufacturing.
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Discuss how successful the American Recovery and Reinvestment Act was at increasing real GDP and employment
What will be an ideal response?
According to Arthur Schlesinger, Jr., government spending
a. may grow more slowly during conservative periods, but will never contract. b. follows a natural cycle of increases during liberal periods and decreases during conservative periods. c. grows at the same rate under both liberal and conservative leadership; only the distribution (defense v. civilian) of the spending changes. d. reflects attempts by political leaders to reject the dominant political ideology of their youth.