In the U.S., society makes decisions on the direction of government policies and the provision and financing of public goods through a process that relies heavily on:

The market for money is in equilibrium

A) only if the non-money asset market is in equilibrium. B) whenever the economy is at potential GDP. C) when the cyclical unemployment rate is zero. D) the Fed achieves its target for the expected inflation rate.

Profitability in cotton farming depended on which of the following factors?

(a) Physical crop yields (b) World and domestic cotton prices (c) Subsistence farming during periods of low cotton prices (d) All of the above