Which statement is false?
A. During the 19th century the main cash crops grown in the South were cotton, rice, sugar, and tobacco.
B. The only real economic conflict between the North and the South before the Civil War was over slavery.
C. It took most parts of the South about a century to recover economically from the effects of the Civil War.
D. Southern agriculture developed very differently from agriculture in other regions of the nation.
B. The only real economic conflict between the North and the South before the Civil War was over slavery.
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A change in the equilibrium real interest rate may result from ________
A) an autonomous monetary policy B) a change in the central bank's target inflation rate C) a change in expected inflation D) all of the above E) none of the above
Assume Congress enacts a $10 billion decrease in spending and a $10 billion decrease in tax revenue. The result of this balanced-budget approach is a:
a. $10 billion decrease in aggregate demand. b. $20 billion decrease in aggregate demand. c. $100 billion decrease in aggregate demand. d. $10 billion increase in aggregate demand.