If the ________ curve is relatively more unstable than the ________ curve, a money supply target is preferred

Historically, the U.S. governmental structure and political system

(a) changes in the presence of a system of checks and balances as circumstances change. (b) is a fixed structure and, therefore, provides the stability needed to support productive activities. (c) guarantees that only the qualified can vote. (d) strongly protects the economic interests of capitalists identified as responsible for economic growth.

Assume that the current market price is below the market clearing level. We would expect:

A) a surplus to accumulate. B) downward pressure on the current market price. C) upward pressure on the current market price. D) lower production during the next time period.