Which of the following policies will reduce the budget deficit while achieving greater fiscal restraint?

An increase in the price of one good can cause the demand for another good to increase if the goods are substitutes.

MPC + MPS is equal to…

Say full employment is known to be located at QA. Given where the graph above is showing our current equilibrium, what does this mean about aggregate demand in our economy?

MPC + MPS is equal to…

Our book introduced the concept of leakages and injections to our original circular flow model of an economy. What does this say would happen if injections are smaller than the leaks?

At which of the following price levels would a shortage occur? (again, shortage)

Average GDP per person is

Our class discussed the different types of unemployment and what causes them. Tell me when would frictional unemployment go up?

From the graph above, a technological improvement is best represented as a movement between which two points? (pay attention to the direction of the movement)