Proponents of electric utility industry deregulation argued that deregulation was justified because
A. Improvements in technology allowed the development of high-voltage transmission power lines.
B. Other industries had been deregulated.
C. Improvements in technology allowed easy transmission of electricity through the deregulated telephone system.
D. Improvements in technology allowed easy transmission of electricity using satellite technology.
Answer: A
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When two goods are substitutes, a shock that raises the price of one good causes the price of the other good to
A) remain unchanged. B) decrease. C) increase. D) change in an unpredictable manner.
Refer to the above figure. Suppose the equilibrium moves from E' to point E. An event that could have caused this movement is
A) an increase in the real interest rate in the United States. B) an increase in U.S. productivity. C) an increase in the perceived stability of the U.S. economy. D) an increase in demand for Japanese-produced goods by U.S. residents.
The larger the MPC: a. the smaller the multiplier
b. the smaller the effect of a given increase in government purchases on consumption purchases. c. the larger the effect of business taxes which reduce investment on aggregate demand. d. the less powerful changes in individual taxes will be in changing aggregate demand.
Most of the states, including those that did not expand Medicaid, have eligibility thresholds that exceed the level set for household incomes set by the ACA (138 percent of the federal poverty level). This is true for all of the following groups except one. Which one?
a. Working-aged adults without dependents b. Pregnant women c. Children (under age 19) living in those households d. Disabled regardless of marital status