Author Question: In answering the question Did the Civil War help promote economic growth and industrialization? ... (Read 66 times)

khang

  • Hero Member
  • *****
  • Posts: 569
In answering the question Did the Civil War help promote economic growth and industrialization? Hughes and Cain (2011) conclude that
 
  (a) the war, rather than being a major stimulus to industry, was actually a great drain that slowed U.S. economic development for a time.
  (b) the war was indeed a major stimulus to industry because it promoted the building of wartime factories and new technology, which then provided a basis for rapidly growing production levels when peace came.
  (c) the war was a setback for the South but a great stimulus for the North.
  (d) the war seemed to have had no overall impact on the economic growth of the nation.

Question 2

According to the new classical system, an unanticipated increase in the money stock
 
  a. will shift the aggregate supply schedule only.
  b. will shift the aggregate demand schedule only.
  c. will shift both the aggregate demand and aggregate supply schedules.
  d. None of the above



wtf444

  • Sr. Member
  • ****
  • Posts: 314
Answer to Question 1

(a)

Answer to Question 2

B



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Nitroglycerin is used to alleviate various heart-related conditions, and it is also the chief component of dynamite (but mixed in a solid clay base to stabilize it).

Did you know?

All adverse reactions are commonly charted in red ink in the patient's record and usually are noted on the front of the chart. Failure to follow correct documentation procedures may result in malpractice lawsuits.

Did you know?

No drugs are available to relieve parathyroid disease. Parathyroid disease is caused by a parathyroid tumor, and it needs to be removed by surgery.

Did you know?

There are approximately 3 million unintended pregnancies in the United States each year.

Did you know?

During pregnancy, a woman is more likely to experience bleeding gums and nosebleeds caused by hormonal changes that increase blood flow to the mouth and nose.

For a complete list of videos, visit our video library