Which of the following policies is a supply-side policy?
A. higher taxes
B. increase in regulation
C. increase in resource prices
D. subsidies to produce technological advances
Answer: D
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The early goldsmiths issued money in the form of
a. coins made from gold in their safes. b. receipts for the acceptance of gold deposits. c. gold fragments left over from the production of jewelry. d. fully backed gold certificates.
Which of the following sequences best represents the crowding-out effect?
a. government purchases ? ? GDP ? ? supply of money ?? equilibrium interest rate ? ? quantity of goods and services demanded ? b. government purchases ? ? GDP ? ? demand for money ?? equilibrium interest rate ? ? quantity of goods and services demanded ? c. government purchases ? ? GDP ? ? demand for money ?? equilibrium interest rate ? ? quantity of goods and services demanded ? d. taxes ? ? GDP ? ? demand for money ? ? equilibrium interest rate ?? quantity of goods and services demanded ?
As the economy expands, tax revenues
A. rise and transfer payments rise, causing the economy to expand by more than it would in the absence of automatic stabilizers. B. fall and transfer payments rise, causing the economy to expand by less than it would in the absence of automatic stabilizers. C. rise and transfer payments fall, causing the economy to expand by less than it would in the absence of automatic stabilizers. D. fall and transfer payments fall, causing the economy to expand by more than it would in the absence of automatic stabilizers.
Technological advancements have led to lower prices and an increase in the sale of color laser printers. How does this affect the market for traditional inkjet printers?
A) The demand curve for inkjet printers shifts to the right. B) The demand curve for inkjet printers shifts to the left. C) The quantity of inkjet printers demanded increases. D) The quantity of inkjet printers demanded decreases.