According to Williamson and Lindert, during the antebellum period increasing wealth concentration occurred in the U.S
a. within regions.
b. within age groups.
c. among the native born.
d. among the foreign born.
e. All of the above.
e. All of the above.
Economics
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If inventory investment during a year was minus $6 billion, producers must have
a. produced only $6 billion of new capital assets during the year. b. sold $6 billion more goods and services during the year than they produced. c. added goods valued at $6 billion to their stock of unsold goods and raw materials. d. produced new capital assets that exceeded the depreciation allowance by $6 billion.
Economics
What would a central bank need to do to reverse the effects of a favorable supply shock on inflation? What would its reaction do to the unemployment rate in the short run?
Economics