Thomas faces prices of $6 for a unit of good X and $30 for a unit of good Y. At his optimum, Thomas is willing to give up 1 unit of good Y for __________ units of good X

The federal government budget has generally been in a deficit for the past several decades because

A) budget deficits promote full employment. B) every year during those decades was a recession year in which expansionary fiscal policy was called for. C) military expenditures were increased steadily throughout those decades. D) political pressure on Congress to increase taxes and to balance the budget were less effective than political pressure to increase expenditures.

A reduction in regulation will shift the aggregate:

a. supply curve leftward. b. supply curve rightward. c. demand curve leftward. d. demand curve rightward.