Under the target price system,
A) supply is restricted.
B) consumers must pay the target price.
C) payments are made to the government when the price paid by consumers rises above the target price.
D) farmers are paid a deficiency payment if the market price for their goods is below the target price.
E) a and c
D
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Suppose that this graph describes the current labor market for high school teachers:
Why might the supply curve in this market shift to the left?
A. Women enter the workforce in greater numbers B. More attractive employment opportunities become available in other professions C. Immigration by families with children increases the need for teachers D. Distance learning and computer technology replace human teachers
Which of the following is heavily subsidized by state and local governments?
A) Medicare B) Social Security C) public education D) food stamps
If households in the economy decide to take money out of checking account deposits and hold it as currency, this will initially
A) not change M1 and increase M2. B) decrease M1 and decrease M2. C) decrease M1 and not change M2. D) not change M1 and not change M2.
In the economy as a whole, lower interest rates are likely to ________ investment and higher interest rates are likely to ________ investment.
A. stimulate; stop B. stop; stimulate C. stimulate; slow D. slow; stimulate