Figure 3.5 illustrates the supply of tacos. An increase in the number of Mexican food producers would most likely cause a movement from:
A. point a to point c.
B. point c to point a.
C. S2 to S0.
D. S0 to S2.
Answer: D
Economics
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One way the government can boost the economy out of a recession is:
A. with public announcements telling the public to save their money. B. by increasing government spending. C. by setting price ceilings on most goods so people can afford them. D. None of these will help an economy in recession.
Economics
An increase in the supply of money will shift the aggregate demand curve to the right.
a. true b. false
Economics
Which of the following graphs or charts must add up to one hundred percent?
a. a labor graph b. a pie chart c. a time-series graph d. a scatter diagram
Economics
Government expenditures are a subcategory of government outlays
a. True b. False
Economics