Philosophical issues regarding income redistribution deal with all of the following except

A. What is the ideal distribution of income?
B. What is and is not possible?
C. What is just?
D. What is fair?

Answer: B

Economics

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In the long-run version of the aggregate demand and aggregate supply model, a shift in the aggregate demand curve:

A. can change the inflation rate as well as the real growth rate. B. can change the inflation rate, but not the real growth rate. C. can change the real growth rate, but not the inflation rate. D. can change neither the real growth rate nor the inflation rate.

Economics

Typically, as an economy begins to emerge from a recessionary phase of the business cycle

A) investment begins to fall. B) inflation begins to fall. C) unemployment falls immediately. D) unemployment continues to rise.

Economics