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Earn +20 ptsQ: How does government effect supply?
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Continue Learning about American Government
Which of the following best describes the economic effect that results from the government having budget surplus?
Demand increases, pushing producers to increase supply --> overal demand decreases, reducing the incentivefor producers to icrease production
What is it called when the government uses some tool other than money to allocate goods?
supply management
What effect did they have on the government?
they were up against there backs
Increased government regulations can cause the supply curve to?
Shift down
The Thomas Register is a government-managed list of potential sources of supply?
True
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