A family on a trip budgets $800 for meals and hotel accommodations. Suppose the price of a meal is $40 . In addition, suppose the family could afford a total of 8 nights in a hotel if they don't buy any meals. How many meals could the family afford if they gave up two nights in the hotel?

If there exists a shortage in the market for snowmobiles, then the price of a snowmobile will

A) rise. B) fall. C) neither rise nor fall. D) at first fall then rise.

Which of the following contributed to the severity of the Great Depression?

a. the substantial budget surpluses run during the Hoover administration b. a sharp increase in tariff rates in 1930 c. the large reduction in tax rates under the Hoover administration d. a highly expansionary monetary policy followed by the Fed in the late 1920s and early 1930s