ECON2200 Exam 3 Notes 8 - ECON 2200 Multiple Choice In the...

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ECON 2200 Multiple Choice In the 1880s, GOLD COINS, GREENBACKS, DEMAND DEPOSITS, NATIONAL BANK NOTES were circulating as money in the US Your text presents a formula for the QTM in which the variable k is defined as: THE INVERSE OF VELOCITY Between 1925 and 1929, major problems for US farmers included: a) adverse terms of trade b) income elastic demand for farm products c) persistent droughts that led to crop failures d) high levels of debt due to purchases of land and equipment e) all of the above Suppose that the price of farm products increased by 5%. In this case, the quantity of farm products supplied will be _______ 5%. a) increase by greater than b) decrease by greater than c) increase by less than d) decrease by less than Which of the following pieces of agricultural legislation has been called “a solution to a problem that did not exist”? THE SMOOT-HAWLEY TARIFF ACT Although the McNary-Haugen bill never became law, it was widely discussed during the 1920s. Which of the following was NOT a provision of the bill?
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This note was uploaded on 09/13/2011 for the course ECON 2200 taught by Professor Moore during the Spring '07 term at University of Georgia Athens.

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ECON2200 Exam 3 Notes 8 - ECON 2200 Multiple Choice In the...

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