Changing the price of good Y will
A. only affect the demand for that good.
B. have effects across some markets.
C. keep prices down in all markets.
D. have no effect.
B. have effects across some markets.
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Total expenditures can be written as C + I + G + (X ? IM)
a. True b. False Indicate whether the statement is true or false
Which of the following is true?
What will be an ideal response?
Which of the following is NOT an example of a command-and-control regulation to limit pollution?
A. Fuel economy standards for all new cars B. A 50-cent tax on gasoline C. Mandating the use of catalytic converters on all new vehicles D. A ban on leaded gasoline
An example of contractionary fiscal policy would be
a. cutting taxes b. decreasing government spending c. increasing production of consumer goods d. expanding the governments role in regulating private industry