EBT cards are
A. bought and sold in a perfectly competitive market.
B. only available to low-income families with children.
C. used to subsidize grocery purchases.
D. fully funded through state tax revenues.
Answer: C
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A new fertilizer which greatly improves the corn crop yield is being widely used by corn farmers. You accurately predict that this
A. will shift the supply curve of corn to the left, the equilibrium price of corn will increase, and the demand for corn will fall. B. will shift the supply curve of corn to the left, the equilibrium price of corn will increase, and the quantity demanded of corn will decrease. C. will shift the supply curve of corn to the right, the equilibrium price of corn will increase, and the demand for corn will fall. D. will shift the supply curve of corn to the right, the equilibrium price of corn will decrease, and the quantity demanded of corn will increase.
Suppose the government decided to tighten monetary policy and decrease government expenditures. In the short run in the Keynesian model, the effect of these policies would be to ________ the real interest rate and ________ the level of output
A) lower; decrease B) lower; have an ambiguous effect on C) have an ambiguous effect on; decrease D) raise; decrease
All of the following were true in the South except
(a) Slaves had little or no status in courts of law. (b) Slave marriages (when there was a ceremony) were not legal, binding contracts. (c) Slaves' property was legally their own. (d) Slaves' own children were not theirs to control; slaves were property.
The monetary policy instrument the Federal Reserve chooses to use is the
A) federal funds rate. B) monetary base. C) fixed exchange rate. D) discount rate. E) flexible exchange rate.