The initial effect of the 2009 Obama Stimulus Plan upon the federal budget was to
A. eliminate the corporate income tax liabilities of major oil companies.
B. increase the federal budget deficit by as much as $750 billion.
C. eliminate all opportunities for "logrolling" in the Congress.
D. all of the options are correct.
Answer: B
Economics
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Assume that when the price of good X is $12, quantity demanded is 32. When price is decreased to $9, quantity demanded increases to 45. Over this range, the arc elasticity of demand is 1.182
Indicate whether the statement is true or false
Economics
Which of the following causes a movement upward along the aggregate demand curve?
A. a fall in wages B. an increase in the price level C. an increase in government spending D. an increase in the money supply
Economics