"Crowding in" refers to federal government deficits:
a. used for public infrastructure that will offset any decline in business investment.
b. which reduce private business and consumption spending.
c. which reduce future rates of economic growth.
d. all of these.
a
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The table above has the domestic demand and domestic supply schedules for a good. If the world price of the good is $10, then according to the table
A) the country exports 6 units a day. B) the country imports 6 units a day. C) the country imports 16 units a day. D) the country exports 22 units a day. E) domestic production is higher before trade than after trade.
If a country has a high level of income, it:
A. must be rapidly increasing its GDP per capita. B. must have a high level of income. C. must have an equitable distribution of wealth. D. All of these are true.
Refer to Figure 2.2. Which diagram represents the effect of a lower gasoline price on the supply of gasoline?
A. A
B. B
C. C
D. D
Explain how both renters and landlords could be either winners or losers with the imposition of rent control
What will be an ideal response?