Which of the following would likely cause aggregate demand to shift to the left?
A. Higher interest rates discouraging borrowing
B. Higher tariffs on all imports into the United States
C. Greater consumer confidence about the future
D. All of these would likely cause aggregate demand to shift to the left.
A. Higher interest rates discouraging borrowing
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This agency regulates workplace safety and health conditions
A) Environmental Protection Agency B) Consumer Product Safety Commission C) Equal Employment Opportunity Commission D) Occupational Safety and Health Administration
The Coase theorem says that, if the appropriate property right is assigned to __________, an efficient solution to an externality problem will be achieved
a. the party causing the externality b. the victim of the externality c. the party that can avoid the externality at the higher cost d. the party that can avoid the externality at the lower cost e. either one of the parties involved
A reduction in current consumption to pay for the investment in capital intended to increase future production is known as the:
A. investment trade-off. B. consumption effect. C. substitution effect. D. income effect.
Most economists would agree that the national debt should be reduced
A. during both periods of recession and prosperity. B. just during periods of recession. C. just during periods of prosperity. D. never.