Refer to Figure 27-3. In the graph above, suppose the economy is initially at point A. The movement of the economy to point B as shown in the graph illustrates the effect of which of the following policy actions by Congress and the president?

A) a decrease in government purchases
B) a decrease in income taxes
C) a decrease in interest rates
D) an increase in the money supply

B

Economics

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The Q-theory of investment is based on high investments being funded by high stock prices of a company

Indicate whether the statement is true or false

Economics

The table below shows four alternative techniques for assembling a car. The cost of labor is $20 per hour, and the cost of capital is $10 per hour. Which of the four techniques for assembling a car is not technologically efficient?

A) T-1 B) T-2 C) T-3 D) T-4

Economics