Refer to the four graphs above. Select the graph that best shows the changes in demand and supply in the market specified in the following situation: the market for corn, if gasoline producers use more ethanol from corn and good weather during the growing season yields a bumper harvest.

All of the following are preconditions for economic growth EXCEPT i. property rights. ii. democracy. iii. free markets

A) i only B) ii only C) iii only D) Both i and ii E) i, ii, and iii

Assume that the economy is in a recession and there is a budget deficit. A strict balanced-budget amendment that would require the federal government to balance its budget during a recession would be:

A. expansionary and worsen the effects of the recession. B. expansionary and counter the effects of the recession. C. contractionary and worsen the effects of the recession. D. contractionary and counter the effects of the recession.