Author Question: According to Rosenberg (2004), the U.S. economy between the Civil War and World War II was ... (Read 52 times)

LaDunn · **on:** Jun 30, 2018

According to Rosenberg (2004), the U.S. economy between the Civil War and World War II was relatively poor in which of its productive resources?

(a) Land
(b) Labor
(c) Capital
(d) Entrepreneurial talent

Question 2

Assuming an increase in money demand, then if the Federal Reserve

a. can keep the interest rate unchanged assuming that it changes the monetary base by the appropriate amount.
b. would have to aim below their previous money stock target.
c. would not have to cut taxes to keep output from falling.
d. All of the above
e. None of the above