The government's decision to come to the aid of farmers was made, in part, because the government feared that
a. farms were becoming too large and inefficient as a result of continuous changes in farm technology
b. because food prices had become so high, low-income families were unable to maintain a minimal nutritional diet
c. falling farm prices would depress the farm economy and that depression would spread to other sectors of the economy
d. price supports would distort farm prices
e. insufficient food supplies would be produced to feed a growing population
C
You might also like to view...
A bank run involves a large flow of money
a. into bank depositors' accounts. b. into checking and savings accounts. c. out of depositors' accounts. d. out of individuals' cash reserves into money market funds.
According to real business cycle theorists, if the long-run aggregate supply (LRAS) curve shifts to the left, Real GDP __________, the price level __________, the demand for labor __________, money wages __________, real wages __________, and workers choose to work __________
A) falls; falls; rises; fall; fall; less B) falls; rises; rises; fall; rise; more C) falls; rises; falls; fall; fall; less D) rises; rises; falls; fall; rise; more E) rises; falls; rises; fall; fall; more