Refer to Figure 16-10. 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) buy Treasury bills B) increase government spending
C) increase income taxes D) decrease the discount rate

C

Economics

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In the post-World War II period, considerable growth in total production took place in the United States

But at the same time, businesses were dumping their waste into the Great Lakes with minimal cost to themselves, significantly polluting the bodies of water as a result. This occurrence is an example where A) real GDP gives an overly positive view of economic welfare. B) real GDP gives an overly negative view of economic welfare. C) investment would have been a better measure of total production. D) the pollution counts as a final good.

Economics

A One-Child Policy was instituted in 1979 in ________

A) Brazil B) South Africa C) India D) China

Economics