Refer to Figure 16-7. Given that the economy has moved from A to B in the graph above, which of the following would be the appropriate fiscal policy to achieve potential GDP?

A) decrease interest rates B) increase government spending
C) contractionary fiscal policy D) increase taxes

Economics

Which of the following industries would most likely represent monopolistic competition?

a. clothing b. wheat c. water utilities d. soft drinks

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Economics

Which year marked a major turning point in the history of the U.S. balance of trade?

a. 1960 b. 1965 c. 1995 d. 1975 e. 2000

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Economics