Which of the following is an example of supply-side policy?

A. Tax incentives for business investment.
B. Selling bonds in the open market.
C. The purchase of military goods by the government.
D. Changes in the reserve requirement.


Answer: A

Economics

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If the price index for a retiree's consumption is set at 100 at age 65 and rises 5 percent per year, then that price index will be _____in 2 years

a. 105 b. 110.5 c. 138.8 d. 265

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The difference between slope and elasticity is that slope

a. is a ratio of two changes, and elasticity is a ratio of two percentage changes. b. is a ratio of two percentage changes, and elasticity is a ratio of two changes. c. measures changes in quantity demanded more accurately than elasticity. d. None of the above is correct; there is no difference between slope and elasticity.

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Your total utility for 5 milk shakes would be

Demand and Utility Table for Milk Shakes


A. $2.
B. $4.
C. $7.50.
D. $15.

Economics