According to Figure 18.2, a shift from AS2 to AS3 is most likely to result from
A. A decrease in the reserve requirement.
B. An increase in government spending.
C. An increase in government regulation.
D. A decrease in the marginal tax rate.
Answer: D
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If the government increases expenditure by $40 billion and increases tax revenue by $40 billion, what is the impact on aggregate demand? Explain your answer
What will be an ideal response?
A subsidy to carrot farmers will
A) increase the quantity of carrots demanded. B) decrease the quantity of carrots supplied. C) increase the supply of carrots. D) leave both the supply and demand of carrots unchanged.
In ____ 2-person, nonzero-sum games there is no communication between the participants and no way to enforce agreements
a. noncooperative b. cooperative c. a and b d. none of the above
Screening is
a. actions by the informed party to reveal her true risks b. actions by the informed party to conceal her true risks c. actions by the uninformed party to uncover the true risks d. actions by the uninformed party to conceal the true risks