Excise taxes are designed to ______.
a. tax all products equally
b. tax distinct products only
c. help low-wage earners invest more
d. help low-wage earners afford necessities
b. tax distinct products only
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The IS-LM model tells us that output remains constant when a tax cut is combined with ________ in the money supply, with the interest rate ________ its initial level
A) an increase, rising above B) an increase, falling below C) a decrease, rising above D) a decrease, falling below
How did international policy coordination contribute to the avoidance of an economic depression in 2008 - 2010?
What will be an ideal response?
A monopoly can earn positive profits because it
a. can sell unlimited quantities at any price it chooses. b. takes the market price as given and can sell unlimited quantities. c. can set the price it charges for its output but faces a horizontal demand curve. d. can maintain a price such that total revenues will exceed total costs.
Refer to the figure below.________ inflation will eventually move the economy pictured in the diagram from short-run equilibrium at point ________ to long-run equilibrium at point ________, 
A. Rising; B; C B. Falling; A; C C. Falling; A; B D. Rising; A; C