A rightward shift of the AD curve in the very flat part of the short-run AS curve will:
A. increase real output by more than the price level.
B. increase the price level by more than real output.
C. reduce real output by more than the price level.
D. reduce the price level by more than real output.
A. increase real output by more than the price level.
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The U.S. Constitution
A. prohibits tariffs on trade between Arkansas and New York but allows tariffs on trade between Hawaii and Alaska. B. prohibits tariffs on all trade. C. allows tariffs on trade with other countries, but not on trade between the states. D. allows tariffs only on goods purchased from the communist nations.
The assumed goal of the firms that operate in each of the four market structures discussed in the text is to maximize:
A) sales. B) revenue. C) profits. D) price.
Legislation that contains a number of projects benefiting local interests at the expense of the general taxpayer is called
a. balanced-budget legislation. b. pork-barrel legislation. c. voucher legislation. d. public-goods legislation.
What is a situation in which two or more actors have a common interest but cannot automatically collaborate to achieve it?
a. a collective action problem b. a relative gains problem c. a transnational problem d. a sustainability problem