Under the Food, Conservation, and Energy Act of 2008, subsidies to farmers based on gaps between actual prices of crops and targeted prices are called:

A. direct payments.
B. price supports.
C. countercyclical payments.
D. price gap set-asides.

Answer: C

Economics

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Refer to the figure below.________ inflation will eventually move the economy pictured in the diagram from short-run equilibrium at point ________ to long-run equilibrium at point ________. 

A. Rising; A B. Falling; A; C C. Falling; B: C D. Rising; A; C

Economics

A recession is defined as at least ________ consecutive quarters of decline in real GDP.

A. two B. three C. four D. five

Economics