Which of the following is NOT a mechanism the HPAE used to share wealth across all layers of society?
A) significant investments in rural infrastructure
B) free public education
C) tax policies that strongly redistributed income from rich to poor
D) land reform
C
Economics
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Refer to the figure above. What is the initial equilibrium price of the good?
A) $20 B) $40 C) $60 D) $80
Economics
Refer to Figure 23-2. Suppose that the level of GDP associated with point N is potential GDP. If the U.S. economy is currently at point K,
A) firms are operating above capacity. B) the economy is in recession. C) the level of unemployment is equal to the natural rate. D) the economy is at full employment.
Economics