Based on the figure below. Starting from long-run equilibrium at point C, a tax cut that increases aggregate demand from AD to AD1 will lead to a short-run equilibrium at point ________ and eventually to a long-run equilibrium at point ________, if left to self-correcting tendencies. 
A. D; C
B. B; C
C. B; A
D. D; B
Answer: D
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Over the last 30 years, the income gap between the rich and the poor has declined
a. True b. False Indicate whether the statement is true or false
Economic analysis indicates that
a. unorganized groups of taxpayers and consumers will be better able to secure redistribution through the political process than well-organized interest groups. b. rent-seeking activities are beneficial to a nation's prosperity because they alter public policy. c. most income transfers in the United States are directed toward the poor. d. market adjustments and competition for transfers will erode much of the gain of transfer recipients.
Firms that place their assets in the custody of a board of trustees is called a(n):
A. utility. B. oligopoly. C. trust. D. cartel.
Refer to the graphs shown. Higher costs of production combined with an expectation on the part of consumers of higher prices in the future would result in the shifts depicted in:
A. a. B. b. C. c. D. d.