Refer to the above graph. What combination would most likely cause a shift from AD1 to AD2?
A. A decrease in taxes and an increase in government spending
B. An increase in taxes and a decrease in government spending
C. A decrease in taxes and a decrease in government spending
D. An increase in taxes and an increase in government spending
Answer: A
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A price-discriminating monopoly is a monopoly that
A) sells its output at a single price to all of its customers. B) sells different units of a good or service at different prices. C) has control over the resources used to produce the product. D) has a license to sell the product. E) illegally charges different customers different prices for the good it produces.
Discriminatory trade practices are allowed among sister WTO member countries, especially when it comes to
A) the use of child labor in agricultural and textile/apparel products. B) national security and special benefits given to other members of a free trade area. C) the protection of agriculture and textile/apparel from open trade. D) Both A and B are correct. E) Both B and C are correct.
A bond that is generally agreed to have higher default risk will experience all of the following EXCEPT:
A) declining demand B) declining supply C) higher yield D) lower price
An increase in rent will ordinarily lead to
A. an increase in usage of land that was formerly idle. B. a decrease in total land employed. C. less-intensive usage of land. D. a decrease in the income of landlords.