Author Question: The Western railroads had been granted vast amounts of land by the government. Consequently, they ... (Read 52 times)

crazycityslicker · **on:** Jun 30, 2018

The Western railroads had been granted vast amounts of land by the government. Consequently, they

(a) Held on to it tightly.
(b) Produced a competitive market with homesteading.
(c) Wanted to profit only from providing railroad services.
(d) Hindered economic development by restricting new farms in the West.

Question 2

Which of the following statements is (are) correct? The Mundell-Fleming model is

a. a new closed-economy model.
b. implicitly assumes a fixed domestic price level.
c. is an open-economy version of the IS-LM model.
d. Both b and c