An effective price floor on wheat will:
A. force otherwise profitable farmers out of business.
B. result in a shortage of wheat.
C. result in a surplus of wheat.
D. clear the market for wheat.
Answer: C
Economics
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a. autonomous spending. b. aggregate expenditures. c. Keynesian income d. wealth.
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Disposable income can be defined as national product
a. minus federal and state taxes. b. minus taxes plus transfers. c. minus indirect taxes. d. plus taxes plus transfers.
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