Which statement is most accurate with respect to the federal government's land policies in the 19th century?
A. It gave away land, and rarely if ever charged even a token amount per acre.
B. It gave away a lot of land and charged a token amount for the rest.
C. It gave away no land, but charged only a token amount.
D. It charged a fairly substantial amount for the land it sold.
B. It gave away a lot of land and charged a token amount for the rest.
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The proposition of monetary neutrality states that changes in the money supply have:
A) no impact on output in the short run B) no impact on output in the long run C) no impact on the price level in the short run D) no impact on the price level in the long run
Cyclical unemployment is caused by
A) technological change. B) fluctuations in the business cycle. C) a dynamic economy in which people want to switch jobs sometimes. D) predictable shifts in production associated with different seasons.