An income tax on labor income decreases the ________ of potential GDP, and a tax on interest income decreases the ________ of potential GDP
A) growth rate; growth rate
B) level; level
C) growth rate; level
D) level; growth rate
E) None of the above answers is correct.
D
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The tangent at point A on a curve has a positive slope. Therefore, the curve has a
A. positive slope at all points. B. positive slope at point A. C. negative slope at all points. D. negative slope at point A.
Explain the structure of the Federal Reserve System
What will be an ideal response?
Aside from the simple pleasure of seeing your own good advertised on television or in the print media, one important reason that firms advertise is to
a. lower their costs b. reduce product differentiation c. shift their own demand curves to the right d. decrease market share e. shift their own demand curves to the left
Marginal analysis is useful in economics, but not in other areas of life
a. True b. False Indicate whether the statement is true or false