The persistent budget deficits of recent decades are
What will be an ideal response?
an expected result, because politicians have an incentive to spend on current programs financed by borrowing.
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Economic growth is represented by a: a. leftward shift of a production possibilities curve
b. rightward shift of the long-run aggregate supply curve (LRAS). c. horizontal long-run aggregate supply curve (LRAS). d. downward shift of an aggregate production function.
The Keynesian analysis of macroeconomic equilibrium shows
A. how declines in aggregate supply can cause prosperity. B. how declines in aggregate demand can cause economic expansion. C. how declines in aggregate purchases can result in a recession and cyclical unemployment. D. All of the choices are correct.
Refer to the graphs shown. Assume the graph reflects demand in the egg market. Which arrow best captures the impact of increased consumer concern about cholesterol on the egg market? 
A. A B. B C. C D. D
?Wouldn't raising wages from? $10 per hour to? $15 per hour reduce? Walmart's profits? Why would they have adopted such a? policy?
What will be an ideal response?