Each of the following could be used to fight inflation, EXCEPT
A. decreasing government spending.
B. raising taxes.
C. budget surpluses.
D. budget deficits.
D. budget deficits.
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Refer to Figure 22-4. The movement from A to B to C illustrates
A) an improvement in technology. B) diminishing returns to labor. C) a decline in capital per worker. D) diminishing returns to capital.
For each of the following changes, identify whether there will be a shift in the IS curve or a movement along the IS curve. In each case identify the direction of the movement or shift
a. The real interest rate decreases. b. The government decreases tax rates. c. Government spending decreases. d. Investors become optimistic about future profitability.
Typically, total utility derived decreases as more of a good is consumed
a. True b. False Indicate whether the statement is true or false
For which pairs of goods is the cross-price elasticity most likely to be negative?
a. peanut butter and jelly b. celery and coffee c. pens and pencils d. iPods and iPads