Who would most likely lobby Congress for a price support on wool?

a. retail sweater outlets
b. consumers of wool caps
c. taxpayers
d. wool producers
e. sheep

D

Economics

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One of the long-run effects of higher government budget deficits is

A) a redistribution of real Gross Domestic Product (GDP) away from government-provided goods and toward more privately provided goods. B) an increase in the government's share of the nation's economic activity. C) growth in the economy's private sector at the same time the government sector shrinks. D) a fall in the equilibrium price level.

Economics

An increase in the money supply and a decrease in real GDP at the same time is consistent with the equation of exchange if: a. velocity rises rapidly enough

b. velocity falls rapidly enough. c. the nominal GDP rises rapidly enough. d. the price level falls rapidly enough.

Economics