Evidence points out that since the mid-1950's just about every recession was preceded by rising interest rates. This suggests that the recessions were:
A. caused by simultaneous shifts in aggregate demand and aggregate supply.
B. due to increases in oil prices and other production costs.
C. the result of changes in consumer confidence.
D. caused in part by the actions of the Federal Reserve.
Answer: D
Economics
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Indicate whether the statement is true or false
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Which of the following will likely occur when price floors in agriculture are implemented?
A) Quantity supplied will exceed quantity demanded. B) Quantity demanded will exceed quantity supplied. C) Farmland will be underutilized. D) Supply will decrease.
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