Use the following diagram to answer the next question.
All else equal, which of the following events would cause a shift from (I + G + NX)1 to (I + G + NX)3?
A. Businesses built 225 new apartment buildings.
B. Government spending on national defense was reduced by $1 billion.
C. The government cut taxes by $100,000 million.
D. Russia purchased $75 million of wheat from domestic farmers.
Answer: B
You might also like to view...
Which statement best describes a difference between presidential and parliamentary democracies
A. In a presidential democracy, the head of government is a member of the legislature. In a parliamentary government, citizens directly elect the head of government. B. In a presidential democracy, citizens are able to vote for their legislators. In a parliamentary democracy, citizens are not able to vote for their legislators. c. In a parliamentary democracy, citizens vote directly for the head of government. In a presidential democracy, citizens do not vote directly for the head of government. D. In a parliamentary democracy, the executive and legislative branches are joined. In a presidential democracy, the two branches are separate.
What determines the position and shape of a society’s production possibilities frontier?
A. The physical resources of that society B. The skills of the workforce C. The level of technology of the society D. The amount of factories in the society E. All of the responses are correct.
Which of the following market structures has the highest market concentration?
A) A monopoly B) An oligopoly with differentiated products C) A perfect competition D) A monopolistic competition
Loopholes have the effect of
a. encouraging particular patterns of behavior and favoring particular types of people. b. eroding the progressivity of the income tax. c. altering the pattern of economic incentives. d. All of the above are correct.