Based on the available evidence, which of the following groups benefits most from mandatory seat belt laws?
a. automakers
b. pedestrians
c. drivers
d. owners of collision-repair shops
d
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The table above gives the U.S. CPI for six years. Calculate the inflation rates between 1997 to 1998, 1998 to 1999, 1999 to 2000, 2000 to 2001, and 2001 to 2002
What will be an ideal response?
The figure above shows that the government revenue from the tariff is
A) $20 million per year. B) $30 million per year. C) $15 million per year. D) $55 million per year. E) zero.
Who does inflation benefit?
(a) All businesses (b) The government (c) Individuals living on fixed incomes (d) Debtors
In the Keynesian model in which the Keynesian short-run aggregate supply curve exists
A) the short-run aggregate supply curve determines real GDP. B) the aggregate demand curve determines the price level. C) unemployment cannot persist for long periods of time. D) aggregate demand determines real GDP per year.