Supply-side economics focuses attention on how fiscal policy might be used to
A) shift the aggregate supply curve out.
B) increase consumption.
C) align aggregate demand and aggregate supply.
D) increase aggregate demand to the full-employment level of real GDP.
A
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The increase importance of Social Security taxes at the federal level has likely _____
a. decreased the excess burden of the federal tax sytem b. increased the efficiency of the federal tax system c. increased the progressivity of the federal tax system d. reduced the progressivity of the federal tax system
The above table depicts prices, quantities, and marginal costs faced by the campus bookstore. Based on marginal analysis, what is the profit-maximizing level of output for the bookstore?
A) 1 book B) 2 books C) 3 books D) 4 books
A principle that economists emphasize is that the ____ of decision makers are always limited
a. ideas b. goals c. resources d. opportunities e. offices
It is often substantially cheaper to own and operate a used car rather than a new one because
A) the interest rate on a used car loan is generally lower. B) his is a trick question. All things considered, the cost per mile traveled is generally cheapest if you buy a new car every year. C) the depreciation cost for a new car will almost always be substantially higher. D) the maintenance cost of a new car is generally higher.