Public choice theory suggests that political candidates try to get elected by
a. appealing to conservatives
b. appealing to liberals
c. appealing to senior citizens
d. appealing to the median voter
e. raising taxes
D
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Use the graph below to answer the next question.
Other things equal, an increase the wages of nurses in the United States would:
A. move from b to a on D1. B. move from a to b on D1. C. shift from D2 to D3. D. shift from D3 to D2.
In the classical and monetarist aggregate demand curves:
a. money is the primary factor driving changes in aggregate demand. b. taxes can never shift aggregate demand. c. government spending can never shift aggregate demand. d. changes in aggregate demand drive most recessions. e. both a and d.
As savings grow in an economy, economic growth rises
a. True b. False Indicate whether the statement is true or false
Some economists argue that policymakers can use monetary and fiscal policy to reduce the severity of economic fluctuations. What are some things policymakers can do when higher inflation becomes a concern?