Here's a taste of history: from 1775 to the present, U.S. agricultural productivity has grown because of all of the following except
a. new fertilizers and pesticides
b. the development of the tractor
c. the use of horses and mules
d. price ceilings on food goods
e. rural electrification
D
Economics
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A downward shift in the Fed's policy reaction function is a(n) ________ of monetary policy, and the aggregate demand curve ________.
A. easing; shifts left B. tightening; shifts left C. tightening; shifts right D. easing; shifts right
Economics
One family earned an income of $28,000 in 1995. Over the next five years, their income increased by 15 percent, while the CPI increased by 12 percent. After five years, this family's nominal income ________, and their real income ________.
A. decreased; increased B. increased; did not change C. decreased; decreased D. increased; increased
Economics