According to this Application, one solution proposed to deal with the rising expenses of government entitlement programs is to raise taxes. An increase in taxes to help cover the rising expenses of entitlement programs would
A) increase aggregate demand, shifting the AD curve to the left.
B) decrease aggregate demand, shifting the AD curve to the left.
C) decrease aggregate demand, shifting the AD curve to the right.
D) increase aggregate demand, shifting the AD curve to the right.
B
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Which firm is not dealing with adverse selection
a. a manufacturer requires a 90 day probationary period for new employees b. a temporary clerical agency hires without verifying typing skills c. a manufacturer requires suppliers to be ISO 900 . certified d. Smokers get the worse life insurance rates as non-smokers
Because the supply curve for land is inelastic, the price of land ______.
a. falls when the supply falls b. is determined by demand c. does not shift with demand d. rises when supply falls
Which of the following exemplifies why it is unlikely that a country would specialize in just one product?
a. A hurricane late in the growing season destroyed the entire sugar cane crop. b. Varieties of figs would grow but rarely ripen in the cooler, northern climate. c. The Playstation video game console sold more units than any other system. d. Food trends indicated that people were increasing their fruit consumption.
Each of the following were created under the New Deal EXCEPT
A. Social Security. B. the Federal Deposit Insurance Corporation (FDIC). C. the Securities and Exchange Commission (SEC). D. food stamps.