Refer to the following graph.
Suppose this graph represents the market for cheese. In order to keep the price of cheese at Pf, government must:
A. prevent the excess supply from reaching the market.
B. devise a mechanism to ration cheese to consumers.
C. cause the demand for cheese to decrease.
D. cause the supply of cheese to increase.
Answer: A
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A recent estimate of the fiscal burden on state and local government for low-skilled immigrant households is nearly:
A. $10 billion annually B. $30 billion annually C. $50 billion annually D. $100 billion annually
The Lost Decade began in 1990 when Colombia announced that it lacked the international reserves it needed to pay the interest and principle due on its foreign debt
Indicate whether the statement is true or false
Economic experience since 1973 indicate that, under floating exchange rates, symmetry
A) was not attained. B) was attained almost immediately. C) was attained over time as central banks held more U.S. dollars as a reserve currency. D) has been difficult to measure and no consensus has emerged. E) has been attained in foreign countries, but not domestically.
In the U.S., loans made by Federal Reserve to banks fall in the categories of:
A. reserves. B. discount loans. C. discount loans and foreign exchange reserves. D. discount loans and reserves.