Why did railroads come under government regulation? (a) ...

[theo]

Why did railroads come under government regulation?
 
  (a) Disgruntled shippers and travelers raised an outcry about the routes of railroads.
  (b) Some people effectively argued that railroads were charging unfair rates.
  (c) The railroad industry was too competitive, thus driving rates below those necessary
  to ensure normal profits for railroad companies.
  (d) All of the above are correct.

Question 2

Early Keynesians concluded that the quantity of money was not important because they assumed
 
  a. low interest elasticity of money demand and high interest elasticity of the demand for output.
  b. high interest elasticity of money demand and low interest elasticity of the demand for output.
  c. high interest elasticity of money demand and high interest elasticity of the demand for output.
  d. both low interest elasticity of money demand and of the demand for output.

[bblaney]

Answer to Question 1

(b)

Answer to Question 2

B

[theo]

TYSM

[Liamb2179]

Excellent