In the above figure, if a subsidy is granted to producers that generates an efficient allocation of resources, then consumers will pay a price of

If the real interest rate is equal to the nominal interest rate in an economy:

A) inflation must be negative in the economy. B) inflation must be zero in the economy. C) inflation must be positive in the economy. D) the nominal interest rate must be zero.

How did the farm population in the United States change between 1950 and today?

a. It dropped from 10 million to fewer than 3 million people. b. It dropped from 20 million to fewer than 5 million people. c. It dropped from 30 million to just over 6 million people. d. It increased from 10 million to almost 13 million people.