Refer to the diagram. The degree of built-in stability in the economy could be increased by:
A. reducing government purchases so that the purchases line shifts downward but parallel to its present position.
B. changing the tax system so that the tax line is shifted downward but parallel to its present
position.
C. changing the tax system so that the tax line has a greater slope.
D. altering the government expenditures line so that it has a positive slope.
C. changing the tax system so that the tax line has a greater slope.
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The combination of legal and illegal immigrants in the United States creates a Ushaped pattern between the number of immigrants and:
a. wages of competing b. American workers. their wages. c. their educational level. d. their jobs.
There are only two firms in an industry with demand curves q1 = 30 - P and q2 = 30 - P. Both have no fixed costs and each has a marginal cost of 10 per unit produced
If they behave as profit maximizing price takers, each produces 10 units and sells them at a price of 10 so that each firm makes zero economic profits. If they form a cartel, their inverse demand curve is A) Q = 30 - P. B) Q = 60 - 2P. C) P = 60 - 2Q. D) P = 30 - Q/2.