What are the three goals of the Employment Act of 1946?
A) keep the peace, improve public education, and protect the environment
B) improve the education system, provide more job training, and expand the number of government jobs
C) full employment, price stability, and economic growth
D) full employment, better schools, and lower income taxes
C
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A lower price level causes us to
A) move up along the aggregate demand curve. B) move down along the aggregate demand curve. C) shift the aggregate demand curve to the right. D) shift the aggregate demand curve to the left.
Which of the following activities, if any, represents an external cost? a. The reduction in the incidence of chicken pox when children are inoculated against the disease. b. The damage to a person's health from secondhand smoke
c. The increase in local property values when the city creates a neighborhood park. d. The price you pay for the prime rib that you consume at a local restaurant.