In this graph, fewer government purchases and/or higher taxes will move the equilibrium ______.
a. off the LRAS curve
b. off the AD2 curve
c. from point e1 to point E2
d. from point E2 to point e1
c. from point e1 to point E2
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Refer to the scenario above. What is the total cost involved if Maria chooses to travel by train?
A) $60 B) $400 C) $420 D) $460
An English auction is
a. A sealed auction b. An oral auction c. An auction where bidders submit decreasing bids d. All of the above
By lowering the legal reserve requirement, the Federal Reserve System forces banks to hold repaid loans as required reserves instead of lending the funds again
Indicate whether the statement is true or false
The democratic system of one person/one vote:
A. does not necessarily lead to a political system that favors the poor because many of the poor are illiterate and unable to vote. B. necessarily leads to a political system that favors the poor because the poor organize themselves into groups that can deliver votes to politicians. C. necessarily leads to a political system that favors the poor because there are more poor voters than there are rich voters. D. does not necessarily lead to a political system that favors the poor, because many of the poor do not vote, believing that their individual votes cannot make a difference.