In the figure above, to use fiscal policy to move the economy back to potential GDP, the government must increase government expenditure by ________ $1 trillion and/or decrease taxes by ________ $1 trillion
A) more than; more than
B) less than; less than
C) less than; more than
D) exactly; exactly
E) more than; less than
The figure above shows an economy aggregate demand curve and aggregate supply curves.
B
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People who come to fear that their wealth is going to be confiscated will acquire a relatively greater incentive to invest in
A) agricultural land. B) human capital. C) machinery and physical equipment. D) urban real estate.
In the desire to have a celebrity's image protected to prevent it from being used in ways he would not approve, a celebrity's estate
A) will probably not be successful, since there are no laws regulating this kind of use in the United States. B) will most likely be more successful in developing countries than in high-income countries, since property regulations are better enforced in developing countries. C) can rely on U.S. laws that protect intellectual property rights to prevent the unauthorized use of his image. D) will have to be granted a patent declaring the celebrity's image a new product, and this will give the estate protection for 7 years.