The first farm organization of importance was
a. the Grangers.
b. the Greenback Party.
c. the Southern Alliance.
d. The Populists.
a. the Grangers.
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In the early stages of the 1980s banking crisis, financial institutions were especially harmed by
A) declining interest rates from late 1979 until 1981. B) the severe recession in 1981-82. C) the disinflation from mid 1980 to early 1983. D) the increase in energy prices in the early 80s.
When prices fall and the cash balances that you hold in your wallet are worth more allowing you to purchase more with your money, then this explains why the aggregate demand curve is downward sloping. The effect that describes this phenomena is the:
A. Real balances effect B. Foreign trade effect C. Interest rate effect D. Nominal income effect
The following image shows the demand curve for neckties. At point a, consumer surplus is _____.
a. ?$5 b. $8? c. ?$20 d. ?$26 e. ?$0
Refer to the table below. At what consumption level for this product does diminishing marginal utility set in?
A. 4 units
B. 5 units
C. 8 units
D. 7 units