Tax reductions should also reduce the amount of consumer expenditures

In early 1996, Congress passed the "Freedom to Farm Bill.". Following the bill's enactment,

a. farmers found that competition from international agriculture declined. b. farm prices rose steadily for the next 4 years. c. agriculture was completely deregulated, and farmers began to operate without any government subsidies or assistance. d. farm prices fell, leading Congress to authorize emergency payments to farmers in 1998 and 1999.

In the long run, if housing prices are higher in San Diego, California, versus Nashville, Tennessee, then

a. individuals would move to Nashville b. individuals would move San Diego c. there would be no movement across the two cities, since the difference in prices is pure compensation for difference in living conditions d. Both B&C