Which of the following policies is likely to generate the smallest increase in national saving?
A) an increase in income taxes
B) an increase in consumption taxes
C) a cut in government transfer payments
D) None of the above policies will increase national saving.
A
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If the marginal propensity to consume is 0.8 and aggregate expenditures initially decrease by $200 million, then the aggregate demand curve will shift ________ , holding the price level constant
a. inward by $1 billion b. outward by $1 billion c. inward by $200 million d. outward by $200 million
Other things equal, if the U.S. dollar were to depreciate, the:
A. aggregate demand curve would remain fixed in place. B. aggregate supply curve would shift to the left. C. aggregate supply curve would shift to the right. D. aggregate demand curve would shift to the left.
What is the name of the case where the court found that the Baltimore Police Department's height requirement which excluded 95 percent of female population but only 32 percent of the male population was discriminatory?
A) Washington v. Davis B) Griggs v. Duke Power Co. C) Miranda v. Arizona D) Vanguard Justice Society v. Hughes
Refer to Price Ceiling. After the price ceiling is imposed, consumers' surplus is equal to
The following questions refer to the accompanying diagram which shows the effects of a price ceiling. The initial price and quantity are P0 and Q0, respectively, and the price ceiling is imposed at the price P1. Assume that none of the potential deadweight loss can be avoided.
a. area A.
b. area A + B.
c. area A + B + D.
d. area A + B + C + D + E + F + G.