Based on this graph, in order for supply-side policies to move equilibrium to point E2, ______.
a. long-run aggregate supply and short-run aggregate supply must shift rightward, and aggregate demand must remain unchanged
b. aggregate demand must shift rightward, and long-run aggregate supply and short-run aggregate supply must remain unchanged
c. long-run aggregate supply and short-run aggregate supply must shift leftward, and aggregate demand must shift rightward
d. long-run aggregate supply, short-run aggregate supply, and aggregate demand must all shift rightward
d. long-run aggregate supply, short-run aggregate supply, and aggregate demand must all shift rightward
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Refer to the information above. The "simple" accelerator model, first derived by American economist J.M. Clark in 1917, comes from setting
A) j = 0. B) j = 1. C) v* = 0. D) v* = 1.
Suppose there was a debate regarding how to spend $1 billion in newly found revenues in the budget. Suppose the most liberal Democrat suggests an increase to Food Stamp (SNAP) allotments. Suppose the most conservative Republican suggests an increase in defense spending. The Republican says that, on average, military spending does the most good, so more is better. The Democrat is arguing that the extra food purchased by the extra spending will increase well-being the most. What is going on here?
A. Only the Democrat is using marginal analysis. B. Both are employing marginal analysis, just from different perspectives. C. Neither are using marginal analysis. D. Only the Republican is using marginal analysis.
Which cost measures the pollution cost to society?
A. Internal cost B. Social cost C. External cost and social cost D. External cost
A contract under which a buyer agrees to make payments in exchange for the provider agreeing to pay some or all of the buyer's medical bills is referred to as
A) a fee-for-service plan. B) the Affordable Care Act. C) a deductible. D) health insurance.