Refer to Figure 27-1. Suppose the economy is in short-run equilibrium below potential GDP and Congress and the president lower taxes to move the economy back to long-run equilibrium
Using the static AD-AS model in the figure above, this would be depicted as a movement from
A) A to B. B) C to B. C) B to C. D) A to E. E) B to A.
A
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Refer to the figure above. Calculate the total surplus after the government imposes a tariff of $1 per unit
A) $160 B) $240 C) $300 D) $315
Under the Affordable Care Act (ACA), states were required to initiate which one of the following changes in the administration of their respective programs?
a. Accept temporary reductions in federal matching funds for the expansion population. b. Extend eligibility to participants with household incomes less than 138 percent of the federal poverty level. c. Prohibit eligibility of non-disabled adults without children regardless of income. d. Require physicians to accept new Medicaid patients in order to practice medicine in the state. e. Expand coverage to include pregnant females.
Over the past several decades there has been rapid growth in international trade. This growth has been due to all but one of the following factors. Which factor has not contributed to the growth of international trade?
A) a change in the tariffs charged on many goods B) favorable changes in government policies C) a reduction in shipping costs D) the spread of reliable communications
If Cathy has a bond that will pay $1,000 one year from now and its current price is $800, what is the current interest rate?
a. 10 percent b. 25 percent c. 20 percent d. 200 percent e. 2 percent