In the graph shown, what could balance the trade deficit (reduce domestic consumption)?
A. A hurricane that damages domestic manufacturing plants
B. Expansionary fiscal policy
C. Lower domestic wages
D. Contractionary monetary policy
Answer: D
Economics
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Explain why short-run demand for frozen fish sticks may be more price elastic in the short run than in the long run
What will be an ideal response?
Economics
_____ is embodied in the notion of a social welfare function
a. Progressivism b. Socialism c. Utilitarianism d. Social insurance
Economics