In this graph, how does the expansionary policy influence short run aggregate supply?
a. It prevents the short run aggregate supply curve from moving.
b. It shifts the short run aggregate supply curve to the left.
c. It shifts the short run aggregate supply curve to the right.
d. It changes the slope of the short run aggregate supply curve.
b. It shifts the short run aggregate supply curve to the left.
You might also like to view...
A government proposal to increase marginal tax rates on the wealthiest 2 percent of U.S. residents is supposed to generate an additional $100 billion in tax revenues. It is likely that
A) the actual revenue raised will exceed the $100 billion, because the other 98 percent of the population will increase their work effort with a more fair tax system. B) the actual revenue raised will be more than $100 billion, because the short-run aggregate supply curve is upward sloping. C) the actual revenue raised will be close to $100 billion, because the wealthy don't respond to work incentives the way poorer workers do. D) the actual revenue raised will be less than $100 billion, because some of the people will respond by working less and earning less income that can be taxed.
In comparing tariffs and quotas, we know that
A) neither raises revenues for the federal government. B) both raise revenues for the federal government. C) tariffs raise revenues for the federal government, while quotas do not. D) quotas raise revenues for the federal government, while tariffs do not.
Assume that the average salary for male professors at a university was $110,000 and the average salary for female professors at the same university was $95,000 . Based on this information, can we conclude that this university engages in gender discrimination? Why or why not?
Desirable property of money