Expansionary monetary policy actions will ________ the price of farm commodities
Fill in the blank(s) with correct word
Increase
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At a market clearing price
A) the quantity demanded will just equal the quantity supplied. B) there will be an excess quantity demanded. C) there will be a tendency for price to rise over time. D) the demand function will shift outward.
The money for Social Security payments to current retirees comes from
A. payroll taxes collected from those retirees when they were working. B. income taxes collected from the current working population. C. payroll taxes collected from the current working population. D. only the interest earned now by the government on the invested Social Security trust fund.
When the free rider problem is present in a market the good:
A. is not excludable. B. is rival in consumption. C. will be underconsumed. D. will be oversupplied.
The purchase of a meal by an American tourist at La Tour d'Argen (a restaurant in Paris) would find its way into the American balance of payments as a:
A. positive entry in the current account. B. negative entry in the current account. C. positive entry in the financial and capital account. D. negative entry in the financial and capital account.