The Agriculture Adjustment Act of the Roosevelt Administration attempted to boost prices of agriculture products by
a. increasing the money supply from year to year at a constant rate.
b. decreasing the money supply through a policy of monetary contraction.
c. increasing demand through lower taxes and budget deficits.
d. reducing supply through the planned destruction of agricultural crops and livestock.
D
You might also like to view...
A standard deck of playing cards has 52 cards with 13 cards in each of the four suits; hearts, diamonds, spades, and clubs. Each of the four suits has a king card. If a single card is drawn from a standard deck, what is the probability that the card will be the king of spades?
A) 0.25 B) 0.077 C) 0.019 D) 0.05
A firm with market power has an individual consumer demand of Q = 20 ? 4P and costs of C = 4Q. What is the optimal amount of this product to package in a single block?
A. 4 B. 5 C. 3 D. 2
If the labor force is 320,000 and the total population 16 years of age or older is 400,000, the labor-force participation rate is
A. 72%. B. 76%. C. 80%. D. 88%.
An increase in the overall price level is
A. a price index. B. a recession. C. deflation. D. inflation.