According to Rosenberg (2004), the U.S. economy between the Civil War and World War II was relatively poor in which of its productive resources?

The price level in the economy between 2014 and 2015 rose from 100 to 110. Between 2015 and 2016, the price level rose from 110 to 121. How does the short-run Phillips curve predict the unemployment rate will change as a result?

A) The unemployment rate will increase since inflation increased. B) The unemployment rate will decrease since inflation increased. C) The unemployment rate will decrease since inflation decreased. D) The unemployment rate will not change since there is no change in the rate of inflation.

A bank initially has $190 million in assets and $150 million in liabilities. The banks net worth (capital) is _____________ million. If the bank's assets increase by 10% and its liabilities do not change, its capital increases by ____________

A) $340; 10% B) $40; 47.5% C) $40; 10% D) $40; 32.2%