The intent of parity pricing in the farm industry is to
a. drive inefficient farmers out of business
b. allow a market to reach its equilibrium price
c. provide only low-income farmers with government aid
d. increase farm productivity with new technologies
e. maintain farmers' purchasing power relative to nonfarmers
E
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If the Fed is concerned about a possible recession, it ________ the federal funds rate, which ________ the quantity of reserves and ________ the amount of bank loans
A) raises; increases; increases B) lowers; increases; increases C) raises; decreases; decreases D) lowers; increases; decreases E) lowers; decreases; decreases
What is the first round effect on the components of aggregate demand, if the government increases spending (assume fixed exchange rates and financing through the real credit market)?
a. Aggregate demand increases and net exports decrease. b. Aggregate demand and net exports do not change c. Aggregate demand decreases and net exports increases. d. Aggregate demand and net exports increase. e. Aggregate demand and net exports decrease.
"Saving" refers to ____ while "savings" refers to ____
a. a stock concept; a flow concept
b. how much is saved within a certain time period; accumulated assets
c. a stock concept; accumulated assets
d. how much is saved within a certain time period; a flow concept
Exhibit 1A-7 Straight line relationship
According to Exhibit 1A-7, the relationship between annual income and air-travel expenditures is:
A. direct. B. inverse. C. complex. D. independent.