Figure 9.1 shows three aggregate demand curves. A movement from point b to point a could be caused by a(n)
A) increase in government spending. B) decrease in the money supply.
C) increase in taxes. D) increase in the price level.
D
Economics
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A budget constraint illustrates the
a. prices that a consumer chooses to pay for products he consumes. b. purchases made by consumers. c. consumption bundles that a consumer can afford. d. consumption bundles that give a consumer equal satisfaction.
Economics
The trading of votes by elected officials to secure favorable outcomes is called:
A. splitting the difference. B. social engineering. C. logrolling. D. grandstanding.
Economics