Based on this graph, in order for supply-side policies to move equilibrium to point E2, ______.
a. long-run aggregate supply and short-run aggregate supply must shift rightward, and aggregate demand must remain unchanged
b. aggregate demand must shift rightward, and long-run aggregate supply and short-run aggregate supply must remain unchanged
c. long-run aggregate supply and short-run aggregate supply must shift leftward, and aggregate demand must shift rightward
d. long-run aggregate supply, short-run aggregate supply, and aggregate demand must all shift rightward
d. long-run aggregate supply, short-run aggregate supply, and aggregate demand must all shift rightward
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Suppose a negative income tax program is established at 25 percent, and a poverty threshold minimum of $15,000 is guaranteed for a family of four. If no income is earned by this family, its total income would equal
a. $6,000 b. $15,000 c. $18,750 d. $60,000 e. $3,750
“Since a public good is enjoyed by all members of society, willingness to pay for the good will not diminish as the amount produced increases.” Evaluate and use an example to support your answer
Please provide the best answer for the statement.