Parity price programs were designed to help farmers, not consumers of farm goods

A budget line represents all combinations of bundles of two goods that give a consumer equal total utility

a. True b. False Indicate whether the statement is true or false

If you believe that velocity is constant and that the aggregate supply curve is vertical, then the quantity theory of money would predict that a doubling of the money supply would cause a doubling of

A. nominal output and real output. B. nominal output and no change in real output. C. real output and no change in nominal output. D. the price level and real output.