A cut in tax rates effects equilibrium real GDP through two channels: ________ disposable income and consumer spending, and ________ the size of the multiplier effect
A) decreasing; increasing
B) decreasing; decreasing
C) increasing; increasing
D) increasing; decreasing
Answer: C
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How can a person argue that health care services in America are provided efficiently, but not fairly?
What will be an ideal response?
Which of the following statements represents a correct and sequentially accurate economic explanation?
A) Wage rates rise, SRAS rises, and the SRAS curve shifts to the left. B) The prices of nonlabor inputs rise, SRAS decreases, and the SRAS curve shifts to the right. C) Labor productivity rises, SRAS increases, and the SRAS curve shifts to the right. D) An adverse supply shock hits, SRAS decreases, and the SRAS curve shifts to the right. E) a and c
PriceQuantity SuppliedQuantity Demanded$00300$110250$250180$390150$4120120$515090$618050 Refer to Table 6.1, which gives the daily supply and demand schedules for cups of coffee at a kiosk in a shopping mall. If the government places a $4 per cup tax on coffee, how many cups of coffee will be bought and sold after the tax is imposed?
A. 50 B. 90 C. 150 D. 120
If you borrow $5,000 from your bank to purchase shares of Snap from your cousin Vinny, this is an example of obtaining ________ financing and purchasing the stock in a ________ market
A) direct; primary B) direct; secondary C) indirect; primary D) indirect; secondary