A nation’s capital consists mainly of stocks, bonds, and other financial assets.

Refer to Figure 16-5. In the dynamic model of AD-AS in the figure above, if the economy is at point A in year 1 and is expected to go to point B in year 2, and no fiscal or monetary policy is pursued, then at point B

A) the unemployment rate is very low. B) the economy is above full employment. C) firms are operating below capacity. D) income and profits are rising. E) there is pressure on wages and prices to rise.

Internal and external economies positively contributed to U.S. industrialization

Indicate whether the statement is true or false