A sole proprietorship with unlimited liability and full control over daily operations is one form of business ownership

In the long-run ISLM model and with everything else held constant, the long-run effect of an expansionary monetary policy is to

A) increase real output and the interest rate. B) not change either real output or the interest rate. C) increase real output and leave the interest rate unchanged. D) increase the interest rate and leave real output unchanged.

If the government created a surplus of an agricultural product due to price supports, how might they dispose of this surplus?

A) give it away to a foreign country B) purchase it and store it away C) have the farmer destroy the crop D) Any of these answers might be a successful tool in disposing of agricultural surpluses.