The Grangers are noted for
a. encouraging the federal government to re-issue "greenbacks.".
b. establishing cooperatives that sold farm and consumer goods to their members.
c. refusing to sell grain to foreign countries.
d. forming a cartel that set upper limits on members' output of basic farm products.
e. All of the above.
b. establishing cooperatives that sold farm and consumer goods to their members.
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In a short-run macroeconomic equilibrium, potential GDP exceeds real GDP. If aggregate demand does not change, then the
A) short-run aggregate supply curve will shift rightward as the money wage rate falls. B) short-run aggregate supply curve will shift leftward as the money wage rate rises. C) long-run aggregate supply curve will shift leftward as the money wage rate rises. D) long-run aggregate supply curve will shift leftward as the money wage rate falls.
The currency deposit ratio, c, is 0.10. The reserve requirement, rr, is 0.07. The excess reserve ratio, e, is 0.10. What is the size of the money multiplier?
A) 4.70 B) 4.07 C) 4.75 D) 4.00