The demographic trends in population growth and migration after the Civil War differed significantly ...

The demographic trends in population growth and migration after the Civil War differed significantly from those established before the War.
 
  Indicate whether the statement is true or false

Question 2

In the long run, holding all else constant, inflation requires a decrease in the money supply relative to the output of goods and servicesnot enough money chasing too many goods.
 
  Indicate whether the statement is true or false

Question 3

The most significant cost to a central bank of reducing unemployment is the costs
 
  a. incurred by printing and distributing new money.
  b. of lower output.
  c. of higher real wages.
  d. of inflation.

Question 4

In the neoclassical growth model, if two countries are exactly the same but one has a lower permanent budget deficit, we would expect that country to have
 
  a. higher output, a higher capital-to-labor ratio, and higher output growth in the steady state.
  b. the same output and capital-to-labor ratio, but higher output growth in the steady state.
  c. higher output, the same capital-to-labor ratio, and the same output growth in the steady state.
  d. higher output, a higher capital-to-labor ratio, and the same output growth in the steady state.

Question 5

There is no possible economic relationship between the birth rate and the availability of arable land.
 
  Indicate whether the statement is true or false

Question 6

The long-run Phillips curve is consistent with
 
  a. a negative relationship between unemployment and the rate of expected inflation.
  b. the expected real wage being equal to the actual real wage.
  c. the actual price level being equal to the expected price level.
  d. no relationship between inflation and unemployment.
  e. all of the above except a.

Question 7

Between the end of the Civil War and the beginning of World War I, the U.S. economy was not able to effectively absorb the millions of immigrants it received.
 
  Indicate whether the statement is true or false

Question 8

A leftward shift of the BP schedule co the result of an
 
  a. exogenous rise in import demand.
  b. exogenous fall in export demand.
  c. increase in the foreign demand for capital.
  d. increase in the foreign interest rate.
  e. both a and b.

Question 9

Which view of the causes of the Great Depression emphasizes that there is little evidence that the economy was suffering from any real shortage of money; the problems, instead, stemmed from a fall of private consumption and investment spending?
 
  (a) The Monetarists'
  (b) The Keynesians'
  (c) The Austrians'
  (d) The International View

Question 10

Income and wealth were equally or evenly distributed by 1860 in the United States.
 
  Indicate whether the statement is true or false

Question 11

In the short run, an increase in the money stock growth rate
 
  a. moves the economy up the short-run Phillips curve.
  b. moves the economy down the short-run Phillips curve.
  c. shifts the short-run Phillips curve to the right.
  d. results in a decline in the natural rate of unemployment and a rise in the inflation rate.
  e. both b and d are correct.