A Decrease in Government Spending Initially and Primarily Shifts Which

question 66

Multiple Choice

A decrease in government spending initially and primarily shifts which curve in what direction?

• A) aggregate demand right
• B) aggregate demand left
• C) aggregate supply right
• D) aggregate supply left

Analyze the effects of bumper crops and poor crops on farm incomes and prices.

Understand the role of international factors, such as trade relations and the value of the dollar, on U.S. agriculture.

Identify the long-term trends in U.S. agriculture, including changes in farm employment, farm size, and the contribution of agriculture to GDP.

Explain the rationale and effects of government policies, including subsidies and price supports, on farming.

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