Author Question: The Navigation Acts (1651 and later amendments) (a) defined the British Empire within Europe and ... (Read 52 times)

rachel9 · **on:** Jun 30, 2018

The Navigation Acts (1651 and later amendments)

(a) defined the British Empire within Europe and restricted shipping and trade between it and the external world.
(b) had a major purpose of enlarging and protecting the King of England's income derived from trade through shipping and trade.
(c) advanced free trade across the British Empire.
(d) held true for all of the above.

Question 2

In the monetarist model, an autonomous increase in investment demand would have

a. only a weak effect on the level of output.
b. a strong positive effect on the level of output.
c. no effect on the interest rate.
d. stronger effects on output if financed with increases in the money supply.
e. both a and d.