A price support system:

a. establishes a price floor for a farm product
b. results in a surplus
c. is costly to taxpayers and consumers
d. all of the above


Answer: d. all of the above

Economics

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Use the aggregate expenditures model and the following values to answer the next question.AMPCIGT$3500.75$400$400$200Determine equilibrium consumption for this economy.

A. $3,350 B. $3,200 C. $3,000 D. $2,850

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If the Fed's monetary policy causes a substantial decrease in interest rates, what is the most likely impact on velocity?

a. It will decrease. b. It will increase. c. It will remain constant. d. Velocity is unrelated to interest rates.

Economics

Which of the following is most likely to favor tariffs on imports?

Economics

The creation of the dust bowl and the migration of the "Okies" to California took place in the

A. 1920s. B. 1930s. C. 1940s. D. 1950s.

Economics