Which of the following statements about the "separate but equal" provision of Plessy v. Ferguson is MOST accurate?
a. resulted in African-American schools that were comparable to white schools.
b. resulted in African-American schools that were preferable to white schools in the South.
c. did not seriously hamper the labor market experience of African-Americans.
d. led to the creation of African-American schools that were systematically under funded.
d. led to the creation of African-American schools that were systematically under funded.
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Which of the following is an example of a horizontal merger?
A. Northeastern Illinois University going from a public to a private university. B. Northeastern Illinois University merging with a training academy for new professors. C. Northeastern Illinois University merging with Bush University. D. Northeastern Illinois University merging with a local bookstore.
If the real interest rate is lower than the equilibrium real interest rate:
A) the quantity of credit demanded equals the quantity of credit supplied. B) the quantity of credit demanded falls short of the quantity of credit supplied. C) the quantity of credit supplied falls short of the quantity of credit demanded. D) interest rates tend to fall further.