If bad weather destroyed half of the current coffee crop, ceteris paribus, it would:

Why are free riders a common problem for public goods?

A. Public goods are non-excludable and therefore people do not have to pay for the good to use it. B. Public goods are non-rivalrous and therefore one person's use diminishes another's use. C. Public goods are non-rivalrous and therefore people do not have to pay for the good to use it. D. Public goods are non-excludable and therefore one person's use does not diminish another's use.

Unlike the 1920–21 episode, 1929–30 farm prices stood up fairly well when other prices fell

Indicate whether the statement is true or false

The aggregate supply curve is

a. a schedule showing the relationship between the price level and the quantity of real GDP supplied. b. usually upward sloping. c. relatively flat at low levels of resource utilization. d. All of the above are correct.

In response to the severe recession of 2008-2009, the Fed

a. expanded the monetary base and pushed short-term interest rates sharply higher. b. reduced the size of the monetary base and pushed short-term interest rates sharply higher. c. more than doubled the size of the monetary base and pushed short-term interest rates to near zero. d. more than doubled the size of the monetary base and pushed short-term interest rates to a historic high.