As aggregate demand shifts left along the short-run aggregate supply curve,
a. inflation and unemployment are higher.
b. inflation is higher and unemployment is lower.
c. unemployment is higher and inflation is lower.
d. unemployment and inflation are lower.
c
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The double taxation of capital gains can be justified _____
a. on the ability-to-pay principle b. on efficiency grounds c. on the grounds that government needs more revenue d. on the benefit principle
The most important determinant of the decisions to lend or borrow is the real rate of interest
a. True b. False Indicate whether the statement is true or false
According to the text, which of the following best describes the process the FCC used to allocate spectrum licenses to telecommunications providers?
A. Licenses were auctioned one at a time, to the highest bidder. B. Licenses were first sold to telecommunications providers that already had contracts with the government. C. All licenses were auctioned off at the same time. D. The government charged the same price for each license.
Status-quo bias is:
A. when people actively make decisions to change something, even if it is fairly difficult to do so. B. a type of mental barrier to saving. C. not overcome in the SMarT program because saving is the default option. D. when people have a negative view on the status quo.