Refer to Figure 9.2. A movement from point b to point d could be caused by a(n)
A) decrease in government spending.
B) increase in the price of oil.
C) decrease in taxes.
D) increase in short-run aggregate supply.
C
You might also like to view...
Assume the total utilities corresponding to the first four units of a product consumed are 8, 12, 14, and 15, respectively. The marginal utility of the second unit consumed is:
a. 0. b. 4. c. 12. d. 20.
(Consider This) Subsidies to encourage hospitals and physicians to adopt electronic medical records have resulted in which of the following?
A. Improved care for a greater number of patients because of the efficiency gains. B. Reduced health care costs because of the efficiency gains in record-keeping. C. More patients seen but at a higher cost because of the high fixed cost of the recording devices. D. Less care at higher costs as the extensive record-keeping process reduces efficiency.