In September, USDA estimates that for Corn, the Yield per Harvest Acre is likely to be higher than that predicted in the previous month. The change in estimate (all else equal) will:
a. Increase estimates of Production of Corn
b. Increase estimates of Total Supply
c. Decrease estimates of Ending Stocks
d. a and b are correct
e. a, b and c are correct
d. a and b are correct
Economics
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The assumption that people may choose to hold excess money balances when there is an increase in the money supply is emphasized by
A) supply-side economists. B) Monetarists. C) Keynesians. D) rational expectations theorists.
Economics
Which of the following is not considered a legitimate concern of a large public debt?
A. Bankruptcy of the federal government. B. Disincentives created by higher taxes. C. Crowding-out of private investment. D. Increased income inequality.
Economics