Which of the following is a goal of supply-side policy?
A. A steeper slope for the Phillips curve.
B. A movement along the Phillips curve.
C. A leftward shift in the aggregate demand curve.
D. A lower rate of inflation at every unemployment rate.
Answer: D
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The sale of a used automobile would not be included in GDP of the current year because it is ________.
A. not a market transaction B. not current production C. a private transfer payment D. a purely financial transaction
Economists generally advocate for the complete elimination of pollution
Indicate whether the statement is true or false
What is Pareto optimality?
What will be an ideal response?
Refer to Figure 9-5. Without the tariff in place, the United States produces
A) 12 million pounds of coffee. B) 26 million pounds of coffee. C) 33 million pounds of coffee. D) 45 million pounds of coffee.