Which of the following is a policy option to eliminate an AD shortfall?
A. Reduce taxes.
B. Reduce transfer payments.
C. Decrease government purchases.
D. All of the choices are correct.
Answer: A
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Explain why choosing which job to apply for constitutes a game, while choosing where to order pizza for dinner is more likely just a decision
What will be an ideal response?
Refer to Table 19-32. The table above represents hypothetical data from the National Income Accounts for 2015. Use the data to calculate personal income and disposable income
What will be an ideal response?
Given the scenario described, if the market price of hammers increased from $6 to $8:
Assume there are three hardware stores, each willing to sell one standard model hammer in a given time period. House Depot can offer their hammer for a minimum of $7. Lace Hardware can offer the hammer for a minimum of $10. Bob's Hardware store can offer the hammer at a minimum price of $13. A. producer participation in the market would increase. B. producer participation in the market would decrease. C. producer participation in the market would remain unchanged. D. total producer surplus would increase by $2.
The dollar value of total output in the United States
A. equals the market value of all final goods and services produced in the United States. B. equals the value of all physical goods sold in the United States. C. equals the value of all resources that can be found in the United States. D. equals all the value of U.S. stocks on the world's stock exchanges.