Refer to Figure 16-8. In the graph above, suppose the economy in Year 1 is at point A and is expected in Year 2 to be at point B. Which of the following policies could Congress and the president use to move the economy to point C?
A) decrease government purchases B) increase income taxes
C) sell Treasury bills D) increase government purchases
D
Economics
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In the above figure, what is total revenue at the profit-maximizing point?
A) $182 B) $126 C) $170 D) $176
Economics
How will an increase in lumber prices influence the home construction market?
a. The demand for newly constructed homes will increase. b. The demand for newly constructed homes will decrease. c. The supply of newly constructed homes will increase. d. The supply of newly constructed homes will decrease.
Economics