Logan finds $10 in his jacket pocket and deposits it into a bank. As a result of this single transaction, M1 has:
A. increased by $10.
B. increased by more than $10.
C. increased by less than $10.
D. not changed.
Answer: D
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Dumping typically occurs because
A) the exporting country raises its prices to increase profits. B) the exporting country usually is experiencing a recession and has excess production. C) the importing country is experiencing a recession. D) the importing country has assessed significant tariffs.
An example of a social insurance program offered in the United States is:
A. Progressive taxation. B. Social Security. C. Police and Firefighters. D. All of these are examples of social insurance programs.
Refer to the information provided in Figure 32.1 below to answer the question(s) that follow.
Figure 32.1Refer to Figure 32.1. The tax rate that will ________ is associated with Point B.
A. maximize tax revenue B. maximize unemployment C. minimize tax revenue D. minimize inflation
What is the shape of the long-run aggregate supply curve? Why?
What will be an ideal response?