Supply-siders' policy recommendations include:
A. lower tax rates, spending cuts, and increased government regulation.
B. lower tax rates and decreased government regulation.
C. lower tax rates, spending increases, and decreased government regulation.
D. higher tax rates, spending increases, and increased government regulation.
Answer: B
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Money that has no intrinsic value and is created by a government decree is called
A) barter money. B) fiat money. C) commodity money. D) asset money.
If x increases and as a result y decreases, then x and y are
A) not related because the relationship is a causal one. B) positively related. C) negatively related. D) directly related. E) trend-line related.
If enforcement is aimed at sellers of an illegal good, its equilibrium price will ________ and its equilibrium quantity will ________
A) rise; increase B) rise; decrease C) fall; increase D) fall; decrease
The private ownership of property and the use of the market system to direct and coordinate economic activity is most characteristic of: a. a command economy. b. a mixed economy
c. a market economy. d. a traditional economy.