Which of the following policy options would not be used to eliminate an inflationary gap?
a. Decrease government spending.
b. Decrease consumption.
c. Increase investment.
d. Decrease taxes.
c
Economics
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Refer to Figure 4.1. Suppose Alvin chooses Bottom, while Simon chooses Up, and Theodore chooses Right. Alvin's payoff will be
A) 2. B) 6. C) 8. D) 16.
Economics
Explicit costs include:
A. out-of-pocket costs. B. fixed costs. C. variable costs. D. All of these are included in explicit costs.
Economics
Approximately ____ percent of federal government spending in 2007 was for transfer payments and interest payments
a. 5 b. 10 c. 55 d. 30 e. 75
Economics
One In the News article says that when JetBlue "…comes to town, fares go down …" If entry barriers are low enough, a market
A. Is contestable. B. Requires regulation. C. Violates antitrust laws. D. Is inefficient.
Economics