To stimulate investment spending, Congress would most likely decrease
a. personal income taxes.
b. capital gains taxes.
c. property taxes.
d. real interest rates.
b
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At any quantity of output above the intersection of the marginal revenue and marginal cost curves:
A. MR is lower than MC. B. profits are being maximized. C. ATC equal to AVC. D. MR is higher than MC.
If a pair-wise majority vote was held to determine which school project gets funded and the voters' preferences are shown in the table, which option would David like to see voted on first?
A. Library and computer lab
B. Computer lab and gym
C. Gym and library
D. It doesn’t matter which options are considered first.
Advocates of a passive policy approach argue that an active stabilization policy imposes troubling fluctuations in the price level and real GDP because it often takes a hold only after market forces have already returned the economy to its potential output level
Indicate whether the statement is true or false
When the money demand curve is drawn with interest rate on the vertical axis and the quantity of money on the horizontal axis, the slope of the demand curve for money is
A) vertical. B) horizontal. C) positive. D) negative.