Which political philosophy believes that the government should equalize the incomes of all members of society?

a. Utilitarianism.
b. Liberalism.
c. Libertarianism.
d. None of the above is correct.

d

Economics

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An increase in the growth rate of nominal GDP would be displayed in our model as:

A. a parallel shift of the AD curve outward. B. the AD curve becoming steeper. C. a parallel shift of the AD curve inward. D. the AD curve becoming flatter.

Economics

Refer to the information. If government desired to raise the equilibrium GDP to $650, it could:



Answer the question on the basis of the following information for a mixed
open economy. The letters Y, C a , I g , X n , G, and T stand for GDP, consumption, gross
investment, net exports, government purchases, and net taxes respectively. Figures are in
billions of dollars.

A.  raise G by $45 and reduce T by $10.
B.  raise G by $40 and reduce T by $30.
C.  raise G by $30 or reduce T by $40.
D.  raise both G and T by $40.

Economics