Most economists attribute the growing income inequality in the United States to
A) trade.
B) macroeconomic policies.
C) technological change.
D) changing values.
E) taxes.
C
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Which of the following would shift the investment demand curve rightward?
a. A decrease in business taxes. b. A tax credit for new investment. c. Firms move from unused capacity to full capacity. d. All of these.
If food is on the vertical axis and shelter on the horizontal axis, then the equation for the budget line can be expressed as
A. PsS + Pf = M. B. F = Pf - (Ps/Pf)S. C. S = M/Ps. D. S = M/Ps - (Pf/Ps)F.
Brazilian subsidies on its exports of furniture to the United States. Which type of tariff will be applied on U.S. imports of Brazilian furniture?
a. antidumping duties b. countervailing duties c. export duties d. safeguard duties levied under Section 421 of the amended U.S. Trade Act of 1974
Starting from long-run equilibrium, a large decrease in government purchases will result in a(n) ________ gap in the short-run and ________ inflation and ________ output in the long-run.
A. expansionary; lower; potential B. expansionary; higher; potential C. recessionary; lower; potential D. recessionary; lower; lower