A(n) _____ or a spending plan or guide can be helpful by providing a visible means of controlling money
a. Annuity
b. Budget
c. Net worth statement
d. Money calendar
B
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Based on the figure below. Starting from long-run equilibrium at point C, a tax increase that decreases aggregate demand from AD1 to AD will lead to a short-run equilibrium at point ________ and eventually to a long-run equilibrium at point ________, if left to self-correcting tendencies.
A. D; C B. D; B C. A; B D. B; C
________ refers to a period when the ________ decreases
A) Recession; growth rate of nominal GDP B) Recession; growth rate of output per person C) Productivity growth slowdown; growth rate of real GDP D) Productivity growth slowdown; growth rate of output per person
Unemployment is not distributed evenly across the U.S. population.
Select whether the statement is true or false. A. True B. False
The quantity sold in a market will increase if the government
a. decreases a binding price floor in that market. b. increases a binding price ceiling in that market. c. decreases a tax on the good sold in that market. d. More than one of the above is correct.