In 2004, hurricanes damaged a large portion of Florida's orange crop. As a result of this, many orange growers were not able to supply fruit to the market
If, following the hurricane, the price remained at its pre-hurricane level, we would expect to see
A) a surplus of oranges.
B) a shortage of oranges.
C) an increase in the demand for oranges.
D) the quantity demanded equal to the quantity supplied.
B
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A zone of peace refers to the idea that democracies
a. rarely go to war with each other. b. do not attack their immediate neighbors. c. maintain peace through heavily armed protection of their borders. d. are clearly more peaceful than any other states.
Money supply is linked to the monetary base by the money multiplier. Macroeconomic textbooks tell you that the central bank cannot control the money supply, but it can control the monetary base
As a result, you decide to specify a distributed lag equation of the growth in the money supply on the growth in the monetary base. One of your peers tells you that this is not a good idea for modeling the relationship between the two variables. What does she mean? What will be an ideal response?