Shift to the left or right for supply:business deploys more efficient tech
What will be an ideal response?
right
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Business cycles that are triggered by events such as wars, changes in housing construction, or innovation are known as
a. internally induced cycles b. externally induced cycles c. real business cycles d. population cycles e. accelerating cycles
The view that many welfare mothers have baby after baby to keep their welfare checks rising is a view held by
A. many conservatives. B. many liberals. C. both many liberals and conservatives. D. neither many liberals nor many conservatives.
If a government decides to move from a regressive tax system to a progressive tax system, there will be a(n) ________ in equity and a(n) ________ in efficiency
A) increase; increase B) decrease; decrease C) increase; decrease D) decrease; increase
During a business cycle expansion, total production ________ and total employment ________
A) decreases; increases B) increases; increases C) increases; decreases D) decreases; decreases