What combination would most likely cause a shift from AD1 to AD2?
Refer to the above graph.
A. An increase in taxes and an increase in government spending
B. A decrease in taxes and an increase in government spending
C. An increase in taxes and no change in government spending
D. A decrease in taxes and a decrease in government spending
B. A decrease in taxes and an increase in government spending
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The price of a given basket of goods in Richland is 75 ritz. If the same basket of goods cost $10 in the U.S., the price of a basket of goods worth $1 in the U.S. is ________
A) 0.13 ritz B) 1 ritz C) 7.5 ritz D) 1.5 ritz
The primary purpose of WTO is to:
a. protect the United States from cheap foreign labor. b. foster trade among nations. c. promote the dumping of foreign products. d. increase worldwide tariffs. e. form a union of European nations.
From 1973 to the early 1990s, U.S. productivity __________________.
Fill in the blank(s) with the appropriate word(s).
Advertising can impede economic efficiency when it:
A. increases entry barriers. B. reduces brand loyalty. C. enables firms to achieve substantial economies of scale. D. increases consumer awareness of substitute products.