American and European farmers can sell their crops well below the cost of production thanks to ____________ given by their respective governments.
Fill in the blank(s) with the appropriate word(s).
subsidies
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Holding money as a store of value instead of other assets is
A) the capital demand for money. B) the asset demand for money. C) the precautionary demand for money. D) the transactions demand for money.
Holding the expected return on bonds constant, an increase in the expected return on common stocks would ________ the demand for bonds, shifting the demand curve to the ________
A) decrease; left B) decrease; right C) increase; left D) increase; right
An open-market purchase by the Federal Reserve withdraws excess reserves from the banking system and causes the money supply to contract
a. True b. False Indicate whether the statement is true or false
For the purpose of calculating the consumer price index, the basket of goods
a. is kept the same from year to year so that the effects of price changes are isolated from the effect of any quantity changes that might be occurring at the same time. b. is kept the same from year to year; otherwise, the value of the index would remain constant from year to year. c. varies from year to year; otherwise, the value of the index would remain constant from year to year. d. varies from year to year so that consumers' buying patterns are updated in a timely fashion.