The minimum increase in government spending necessary to reach full employment is
A) $2,000
B) $1,000
C) $500
D) $200
E) $100
Ans: C) $500
Economics
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Which of the following is a category of national income?
A) net interest B) rental income C) corporate profits D) all of the above
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In the 1970s, the Organization of Petroleum Exporting Countries (OPEC) tripled the price of petroleum, causing automobile manufacturers to look for ways to produce more fuel-efficient cars by substituting aluminum and plastic for steel. This was primarily a response to the economic question of:
A) When will each good be produced? B) For whom shall the goods be produced? C) What goods and services should a society produce? D) How should goods and services be produced?
Economics