Refer to the figure below. If the demand curve can be characterized by the equation Q = 10 - P, how much increase in consumer surplus will occur when the price of avocados falls from $2.89 to $1.35?
Refer to the figure below. If the demand curve can be characterized by the equation Q = 10 -
P, how much increase in consumer surplus will occur when the price of avocados falls from
$2.89 to $1.35?
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The 2002 federal tax cuts _____
a. were based on efficiency considerations b. were based on equity considerations c. were based on budgetary considerations d. did not have a clear motivation
Over the past few decades, Milton Friedman was the leading spokesman for
A. monetarism. B. the rational expectations theory. C. Keynesianism. D. new classical theory.
The impact of higher taxes would be examined by
A. a macroeconomist. B. a microeconomist. C. both a macroeconomist and a microeconomist. D. neither a macroeconomist nor a microeconomist.
Assuming the economy in the graph shown is currently at equilibrium A, if the government wanted to enact a policy it would likely enact:
A. expansionary fiscal policy in an effort to move aggregate demand to the right.
B. contractionary fiscal policy in an effort to move aggregate demand to the left.
C. expansionary fiscal policy in an effort to move aggregate demand to the left.
D. contractionary fiscal policy in an effort to move aggregate demand to the right.