An Increase in Government Transfers Is an Example of _____Fiscal

question 72

Multiple Choice

An increase in government transfers is an example of _____fiscal policy because it shifts the aggregate demand curve to the _____ aggregate output.

• A) expansionary; left, increasing
• B) contractionary; left, decreasing
• C) expansionary; right, increasing
• D) contractionary; right, decreasing

Analyze the effects of changing minimum wage on employment and poverty.

Acknowledge the historical context and legislative timeline of minimum wage laws.

Describe the methodologies for measuring poverty and establishing the poverty line.

Recognize trends and statistical facts regarding poverty rates among different demographic groups.

---

Definitions:

Average Revenue

The amount of revenue generated per unit of output sold, calculated by dividing total revenue by the quantity of units sold.

Total Revenue

The total amount of money generated by the sale of goods or services before any costs are subtracted.