What did Populists set their sights on after achieving some success on a local level in the late 1800s? the formation of a national labor union
the establishment of their own gold currency
the formation of a national political party
the creation of Populist groups in each state

Mankiw attributes – chapter 1 and his 10 principles – differences in living standards within a countryover time and across countries at a moment in time to: a. the presence or absence of inflation and unemployment.b. the allocation of resources between private markets and the public sector.c. those that have dealt successfully with the efficiency v. equality tradeoff and those that haven’t.d. differences in productivity.e. ones that think at the margin and respond to incentives and those that don’t.