Answer:
B. continued to suffer
Explanation:
During Reconstruction, the Southern economy struggled to get back on its feet. The farmlands which were the major source of living for the former African American slaves had just been destroyed, and in some cases completely burned down to the roots. The former slaves hoped to be given some of the lands where they worked without pay, but instead of that, their white masters sought for ways to still make them work for little pay and restrict their freedom.
The lands were not redistributed. So, this situation made the African Americans in the south struggle in order to rebuild their economy. Sharecropping and Tenant farming evolved during Reconstruction, and Textile mills became dominant in the region.
Answer:
free enterprise system
Explanation:
Also called free market system, this system of economy leaves products, prices, and services to be determined by the market, not the government. This is a capitalist system where there is zero government control and enterprises are left to the market to decide their fate. Example government cannot set price control policies under this system.
This is a direct opposite of communism.
Answer and Explanation:
Phelps criticized Friedman's position, because he said it was totally irrelevant to analyze the tax functions of inflation without assessing product demand, as Friedman suggested in his theory. He stated that this would only be possible if there was a way to predict an optimal rate of inflation in different situations of demand and supply, otherwise, in Phelps' words it would be the same as "Professor Friedman gave us Hamlet without a prince".
Phelps' positioning would be better considered by the RBC model, since this model is based on real and not imaginary facts.
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Answer:
Frictionally unemployed.
Explanation:
As the exercise suggests, Kara is frictionally unemployed. A frictionally unemployed individual is that which is looking for work in a healthy, helping economy. It does not matter if the person, in this case Kara, has been fired or had quitted her job; what matters is that the economy enables her to take part in this normal labor turnover. She got her degree and she is looking for a position in management but nothing indicates she is in a context of crisis or lack of employement, therefore, she is only frictionally unemployed.