Figure 10-6
In Figure 10-6, which graph best illustrates an adverse supply shock accompanied by an increase in government spending?
a.
(1)
b.
(2)
c.
(3)
d.
(4)
d
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Making choices by selecting the best feasible option, given the available information is referred to as:
A) optimization. B) delegation. C) imposition. D) actualization.
Macroeconomics might study which of the following?
A) the causes of domestic unemployment B) decision making undertaken by firms C) decision making undertaken by households D) determinants of the prices of rare goods (e.g., diamonds)
Which of the following describes what an IPO is?
a. the first time a firm offers its own stock for sale b. when a firm offers individuals the chance to buy its stock c. the last time a firm offers its own stock for sale d. the first time a firm buys its own stock back
Which of the following is most likely to help promote the efficient use of resources and rapid economic growth?
a. high tariffs and imposition of other trade restrictions b. high marginal tax rates c. an open and competitive capital market d. high rates of inflation