Changes in all of the following shift the IS curve except
a. the MPC.
b. income.
c. taxes.
d. consumer confidence.
e. all of the above shift IS curve.
B
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Corrective taxes are typically advocated to correct for the effects of
a. positive externalities. b. negative externalities. c. patents. d. All of the above are correct.
Individuals with higher saving and investment rates will more likely
A) earn poverty level incomes. B) experience financial difficulties. C) have higher current consumption rates. D) have higher incomes in the future.
Jim has the following assets and liabilities:Credit card balance$2,000Cash$500Government bonds$2,000Checking$750Car loan balance$5,000Car$15,000 Which of the following actions would increase Jim's money demand by $200?
A. Jim pays $200 cash for a new lamp. B. Jim gets a $200 cash advance on his credit card and puts the proceeds in his checking account. C. Jim writes a check for $200 to pay down his credit card balance. D. Jim writes a check for $200 to pay down her car loan balance.
Output combinations that lie inside the production possibilities curve are characterized by efficient use of resources.
Answer the following statement true (T) or false (F)