Which of the following was an element of the New Deal?
A. Wage and price controls
B. Unemployment insurance and bank deposit insurance
C. Regulation of the stock market
D. Unemployment insurance, bank deposit insurance, and regulation of the stock market, but not wage and price controls
D. Unemployment insurance, bank deposit insurance, and regulation of the stock market, but not wage and price controls
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Assume thatthe market demand for organic tomatoesis modeled as QD= 104 – 2P and market supply is QS = 20 + 4P. If the actual price is set at $20 per pound, there is a _________ of _______ units of the good.
a. surplus; 36 c. shortage; 10 b. surplus; 26 d. none of the above
The key to sustained economic growth is increasing labor productivity
Indicate whether the statement is true or false
The Federal Reserve focuses on the inflation rate based on the ________ rather than the CPI; to measure the underlying trend in inflation, it focuses on the ________
A) GDP deflator; overall GDP deflator B) GDP deflator; core GDP deflator C) PCE price index; core PCE price index D) PCE price index; overall PCE price index
If the government increases its spending or reduces its taxes in order to influence the level of economic activity, it is engaging in
a. regulatory policy b. antitrust policy c. monetary policy d. fiscal policy e. supply-management policy