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Solutions for Chapter The Crucible Act Four: Early American Writing
Full solutions for McDougal Littell Literature: American Literature | 1st Edition
a person who is performing an act for another person, called the principal
the idea that people should pay taxes based on the benefits they receive from government services
the equipment and structures used to produce goods and services
a difference in wages that arises to offset the nonmonetary characteristics of different jobs
the failure of majority rule to produce transitive preferences for society
the property of society getting the most it can from its scarce resources
the price that balances quantity supplied and quantity demanded
costs that do not vary with the quantity of output produced
unemployment that results because it takes time for workers to search for the jobs that best suit their tastes and skills
goods produced abroad and sold domestically
the automatic correction by law or contract of a dollar amount for the effects of inflation
a tax that is the same amount for every person
an economy that allocates resources through the decentralized decisions of many firms and households as they interact in markets for goods and services
the additional shifts in aggregate demand that result when expansionary fiscal policy increases income and thereby increases consumer spending
the total income in the economy that remains after paying for consumption and government purchases
natural level of output
the production of goods and services that an economy achieves in the long run when unemployment is at its normal rate
the production of goods and services valued at current prices
a market structure in which only a few sellers offer similar or identical products
a situation in which quantity supplied is greater than quantity demanded
the idea that taxpayers with a greater ability to pay taxes should pay larger amounts