Which of the following government programs are likely to aid the poor more than those in upper income brackets?
a. subsidies to museums
b. state-subsidized higher education benefits
c. school lunch programs
d. government subsidies to airports
c
Economics
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Refer to the figure above. What is the total surplus before Lithasia opens up to free trade?
A) $10 B) $20 C) $30 D) $40
Economics
If the economy is at point 1 in Figure 13.1 and the central bank issues a credible statement that it can and will cause inflation to rise, what happens next?
A) the economy moves to point 2 B) the economy remains at point 1 C) the economy moves to the left along the AS curve D) the AS curve shifts down, causing both output and inflation to decline E) the AS curve shifts up, causing both output and inflation to rise
Economics