A decrease in taxes ____ aggregate demand through larger _____ by households
Fill in the blank(s) with correct word
increases, consumption
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India's government runs a government budget surplus. If there is no Ricardo-Barro effect, the surplus means that the
A) private supply of loanable funds curve lies to the left of the supply of loanable funds curve. B) private demand for loanable funds curve lies to the left of the demand for loanable funds curve. C) private supply of loanable funds curve is the same as the supply of loanable funds curve. D) private supply of loanable funds curve lies to the right of the supply of loanable funds curve. E) None of the above answers is correct.
What is the problem with the argument that infant industries need to be protected from foreign competition?
What will be an ideal response?
The amount of money available in the economy:
A. is called the money supply. B. is managed by the Federal Reserve. C. varies depending on what is considered money. D. All of these are true.
Figure 6.5 illustrates the market for sugar. With free trade, producer surplus in the market would be shown as area:
A. ABC. B. AEF. C. GEQ1. D. FEG.