The sharp decline in domestic freight costs during the antebellum period was primarily due to the introduction of:

The problem of asymmetric information that brings about a general decline in product quality in an industry is

A) a market failure. B) the result of government regulation. C) creative response. D) the lemons problem.

In comparing monetarism and rational expectations theory we find that

A. both favor policy rules for the same reasons. B. both favor policy rules, but for different reasons. C. both favor discretionary policies. D. the former favors discretionary policy, while the latter favors policy rules. E. the former favors policy rules, while the latter favors discretionary policy.