Keynes argued that: a) irrational waves of pessimism cause decreases in aggregate demand and increases in unemployment. b) irrational waves of optimism cause decreases in aggregate demand and decreases in aggregate supply. c) changes in business and consumer expectations generally stabilize the economy. d) all of the above are correct.
the geographic location of new orleans made it, along with savannah, an ideal center of the slave trade in the united states.
new orleans sits on the mississippi on the gulf of mexico. as a result, ships carrying slaves could go from anywhere in the world and have access to the river systems of middle america where slaves were being used.
from the quote you could infer:
a. congress wanted to make compromises between the states instead of addressing the issue of slavery.
they make choices that are directly on the budget constraint because it is an efficient point. it is the best that i can buy with my money. they don't make choices inside the budget constraint because it is not efficient since i can get a better result with my money. they don't make choices outside the budget constraint because it is not possible since i don't have enough money to go outside my budget.