An expansionary fiscal policy may be:
A. offset by lowering tax rates.
B. reinforced by raising tax rates.
C. partially offset by the crowding-out effect.
D. reinforced by the crowding-out effect.
Answer: C
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The figure above shows the market for annual influenza immunizations the United States. The efficient quantity of immunizations is
A) 14 million per year. B) 10 million per year. C) Between 14 and 21 million per year. D) Less than 10 million per year. E) 22 million per year.
Refer to Table 4-14. The equations above describe the demand and supply for Pauline's Pickled Pomegranates. The equilibrium price and quantity for Pauline's Pickled Pomegranates are $30 and 15 thousand units
What is the value of economic surplus in this market? A) $50 thousand B) $112.5 thousand C) $225 thousand D) $337.5 thousand