Refer to Figure 14.1. Other things equal, an increase in government spending on infrastructure projects is best represented as a movement from
A) point X to point Y.
B) point Z to point X.
C) point Z to point Y.
D) point Y to point X.
D
You might also like to view...
If you wish to maintain a constant purchasing power when you retire, you should choose retirement income options that are:
A. inflated. B. deflated. C. nominal. D. indexed.
If the value added of a firm is positive, will the firm necessarily have positive profits?
What will be an ideal response?
Legislation to protect red-cockaded woodpeckers created incentives that resulted in premature harvesting of trees the woodpeckers like to nest in. This is an example of which of the following?
a. Association is not causation. b. the fallacy of composition c. the use of ceteris paribus conditions in economic analysis d. Good intentions do not always lead to desirable outcomes.
By looking at the graph showing the poverty rate from 1959 to 2016, you can see that during a recession, poverty rates usually ______.
a. increase
b. decrease
c. stabilize
d. are unmeasurable