Which of the following efforts did the Clinton administration embrace?
A. Reduction in immigration of highly skilled workers.
B. Increase in taxes on capital gains.
C. Expansion of the money supply.
D. "New Direction" tax increases and spending cuts
Answer: D
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Suppose the price of leather used to produce shoes increases. The higher price of leather ________ the supply of shoes and the supply curve of shoes ________
A) increases; shifts rightward B) increases; shifts leftward C) decreases; shifts rightward D) decreases; shifts leftward E) does not change; does not shift
A dominant strategy is one that gives a player in a game a bigger payoff than the other player receives.
Answer the following statement true (T) or false (F)
Which of the following is likely to have the most price inelastic demand?
a. white chocolate chip with macadamia nut cookies b. Mrs. Field's chocolate chip cookies c. milk chocolate chip cookies d. cookies
Suppose total planned expenditures equal $100 billion when the value of the price level is 100. If the price level drops to 90, total planned real expenditures will equal
A. less than $100 billion. B. more than $100 billion. C. $100 billion. D. None of these: Cannot be determined without additional information.