Which of the following best describes supply-side economics?
A) Labor productivity affects aggregate supply.
B) Education affects labor productivity which affects aggregate supply.
C) Education affects the incentive to work, save, and invest and, therefore, aggregate supply.
D) Tax rates affect the incentive to work, save, and invest and, therefore, aggregate supply.
Answer: D
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Policies to determine the price of troll dolls are a concern of macroeconomics
a. True b. False Indicate whether the statement is true or false
Supporters of supply side economics believe that
a. government should be used as a tool to increase demand for goods b. demand for goods increases when prices rise c. taxes have a strong negative influence on economic output d. tax cuts have little impact on worker productivity
Which group has fared the worst in the globalization process?
A. International traders B. Skilled workers in the non-tradable sector C. Government workers D. Workers involved in the manufacture of commodities
If unplanned business investment is $20 million and planned investment is $20 million, then actual investment is
A. -$20 million. B. $20 million. C. $40 million. D. $200 million.