Suppose there is a tax increase. To stabilize output, the Federal Reserve will
a. increase government spending.
b. increase the money supply.
c. decrease government spending.
d. decrease the money supply.
b
Economics
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If Monica has a comparative advantage in baking and George has a comparative advantage in sewing, then
a. Monica must have an absolute advantage in baking b. Monica must have an absolute advantage in sewing c. George must have an absolute advantage in baking d. George must have an absolute advantage in sewing e. we can conclude nothing about absolute advantage
Economics
A report on the dangers of cholesterol would likely shift the demand curve for beef downward and to the left
a. True b. False Indicate whether the statement is true or false
Economics