When the U.S. government launched a massive rescue plan in response to the 2008-2009 financial crisis, one of the main actions taken was to ________ because the desire was to lessen the severity of the recession by ________
A) increase the supply of loanable funds; limiting the decrease in investment
B) decrease the supply of loanable funds; limiting the decrease in investment
C) decrease the supply of loanable funds; encouraging decrease in investment
D) increase the supply of loanable funds; encouraging decrease in investment
E) increase the demand of loanable funds; encouraging decrease in investment
A
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According to this Application, after the government deceased cigarette taxes in several Canadian provinces, demand for cigarettes ________ in these provinces, shifting the demand curve to the ________
A) increased; right B) increased; left C) decreased; left D) decreased; right
This graph demonstrates the domestic demand and supply for a good, as well as a tariff and the world price for that good.
According to the graph shown, if this economy were to open to free trade, the domestic quantity demanded would be:
A. 1500. B. 250. C. 500. D. 1150.