Which of the following is most likely to occur when the government enacts policies to make the distribution of income more equal?
a. a more efficient allocation of resources
b. a distortion of incentives
c. unchanged behavior
d. All of the above are correct.
b
Economics
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Which of the following events will most likely cause an increase in both the price level and rGDP?
A) The prime rate increases B) Exports increase C) Income taxes increase D) Crude oil prices decrease E) Inflationary expectations decrease
Economics
The market demand curve in a perfectly competitive industry is downward sloping, while the demand curve faced by an individual perfectly competitive firm is horizontal
a. True b. False Indicate whether the statement is true or false
Economics