Which of the following policies would a Keynesian expect to produce the largest decrease in income?
A. A reduction in government spending of $100 billion
B. A decrease in transfer payments of $100 billion
C. An increase in government spending of $100 billion
D. A tax increase of $100 billion
Answer: A
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Use the following diagram to answer the question.
Which of the following best depicts the change if apples are grown using better watering technology for the trees, which allows farmers to know if the trees are being over or under-watered?
A. shift from S1 to S2 B. shift from S2 to S1 C. movement from a to b D. movement from b to a
In their relationship with stockholders, a firm's managers act
A) as agents. B) as principals. C) in loco parentis. D) as proprietors.
As a monopoly increases production, the price of all units sold falls, but marginal revenue increases
a. True b. False Indicate whether the statement is true or false
Refer to the graph. Economic output in year 0 is $20 billion. What is potential output in year 1?
A. $20.4 billion B. $21.2 billion C. $20.8 billion D. $20 billion