You love peanut butter. you hear on the news that 50 percent of the peanut crop in the south has been wiped out by drought and that this will cause the price of peanuts to double by the end of the year. as a result, your demand for peanut butter increases or decreases?

answer:

increases. it goes up because it is now considered a novelty/rarity.

both the house and senate must approve the conference report.   after it is approved by both on an identical from, it will be sent to the president.   if the president approves it, it will become law.

which statement best describes why a government’s actions are important in macroeconomics? check all that apply.

1 government controls industry through policy.

2 government is both a consumer and a producer.

3 government can prevent changes and challenges.

4 government can use policy to influence the economy.

5 government can accurately predict economic trends.

1 , 2 & 4 for edgenu

according to this graph, how does supply behave in the long run?

a ]output remains constant.

b ]output increases.

c ]output cannot be predicted.

d ]output decreases.

the answer is a ]   for edgenu