Refer to the above graph. What combination would most likely cause a shift from AD 1 to AD 3?
An increase in taxes and an increase in government spending
A decrease in taxes and a decrease in government spending
An increase in taxes and a decrease in government spending
A decrease in taxes and an increase in government spending
An increase in taxes and a decrease in government spending
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Roughly what was the change in Chile's per capita GDP between 1960 and 2011?
A) 2.65% B) 26.5% C) 265% D) 2,650%
A tradable permit is an example of command-and-control regulation
a. True b. False Indicate whether the statement is true or false
If an increase in the excise tax imposed on cigarettes pushes the price per pack up by 20 percent, and the quantity sold declines by 8 percent as a result, the price elasticity of demand for cigarettes is equal to
a. -0.2. b. -0.4. c. -0.8. d. -5.
Other things the same, an increase in velocity means that
a. the rate at which money changes hands falls, so the price level rises. b. the rate at which money changes hands falls, so the price level falls. c. the rate at which money changes hands rises, so the price level rises. d. the rate at which money changes hands rises, so the price level falls.