The Passage of New Legislation Requiring More Extensive Government Regulation

question 40

Multiple Choice

The passage of new legislation requiring more extensive government regulation of business will most likely:

• A)increase aggregate demand.
• B)increase aggregate supply.
• C)decrease aggregate demand.
• D)decrease aggregate supply.

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Definitions:

Positive Difference

The result of subtracting a smaller number from a larger number, ensuring a non-negative result.

Fair 6-Sided Dice

A classic dice with six faces, each showing a number from one to six, where each number has an equal likelihood of appearing on a roll.

Record

An account or report documenting the occurrence or performance of something, often kept in writing or another permanent form.

Fair Coin

A hypothetical coin that has an equal probability of landing on heads or tails when flipped.