William Jennings Bryan, Secretary of State at the time of the passage of the Federal Reserve Act, argued in favor of having ______ district banks

John Maynard Keynes and his followers argued that the Great Depression was primarily the result of:

a. excessive government spending. b. large budget deficits. c. the perverse monetary policies of the Fed. d. insufficient aggregate spending on goods and services.

Let D= demand, S = supply, P = equilibrium price, and Q= equilibrium quantity. What happens in the market for tropical hardwood trees if the governments restrict the amount of forest lands that can be logged?

A) D decreases, S no change, P and Q decrease. B) S decreases, D no change, P increases, Q decreases. C) D and S decrease, P and Q increase. D) D no change, S decreases, P increases, Q increases.