An abnormally large grain crop due to highly favorable weather conditions in the Midwest is an example of
What will be an ideal response?
a supply shock that will increase short-run aggregate supply.
Economics
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The tax-exempt status of municipal bonds implies that, for private firms
A) the user cost of capital will be higher than otherwise. B) the user cost of capital will be lower than otherwise. C) the marginal product of capital will be lower than otherwise. D) the accelerator will be higher than otherwise.
Economics
Temporary, short-term discount loans to banks in areas in which agriculture and tourism are important are known as
A) primary credit. B) secondary credit. C) seasonal credit. D) repo loans.
Economics