Karl Marx and Friedrich Engels believed that after the capitalists were overthrown, eventually
A. the state would get stronger.
B. the state would wither away.
C. the capitalists would regain power.
D. a fascist state would emerge.
B. the state would wither away.
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Using aggregate demand and aggregate supply analysis, explain why increases in oil did not lead to stagflation in 2006-2008 but did lead to stagflation in the 1970s and early 1980s
The reason for the different in tax policy and spending policy by the government is due to:
A. the difference in initial spending that results from engaging in tax policy. B. the fact that when the government engages in spending policy, they do it more aggressively. C. people not responding to tax policy as much as spending policy. D. firms drastically responding to tax changes that are implemented.
Sellers of high-quality used goods are ________ likely to offer money-back guarantees because ________.
A. more; buyers will not ask for their money back B. less; buyers will be willing to purchase high-quality goods even without a guarantee C. more; they are wealthier and so can afford to give money back D. less; buyers consider guarantees to be a sign of an inferior good
Which of the following groups could increase in size and cause a significantly higher unemployment rate?
A. Discouraged workers. B. Underemployed workers. C. Children under the age of 16. D. Phantom unemployed.