Wheat is used to produce cereal. When the price of wheat falls, the
A) demand for wheat increases.
B) supply of wheat decreases.
C) supply of cereal increases.
D) demand for cereal increases.
E) demand for cereal decreases.
C
Economics
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Tax revenues are transferred from
A) state governments to the federal government. B) local governments to state and federal governments. C) one state government to other state governments. D) the federal government to state and local governments. E) the state and local governments to the federal government.
Economics
When the Fed sells government bonds it ____ reserves and ______ the money supply.
A) increases; increases B) decreases; increases C) decreases; decreases D) increases; decreases
Economics