The Gallatin Plan (1808) to provide internal land and water transport in the eastern part of the country was a plan that
(a) called for the federal government to finance and build the transport system.
(b) called for the eastern states to join together to finance and build the system.
(c) called for private financing and building with some federal government assistance
in coordinating and planning the transport system.
(d) relied primarily on city and county governments to provide the bulk of the financing and
building of the transport system.
(a)
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When economists and policymakers refer to the Fed's dual mandate, they are referring to:
A) price and exchange rate stability. B) price stability and maximum employment. C) moderate long-term interest rates and maximum employment. D) price stability and moderate long-term interest rates.
As output rises, marginal product eventually diminishes and
a. marginal cost increases. b. total cost falls. c. fixed cost increases. d. average product becomes negative.