How much people plan to consume at various levels of disposable income is known as
A) dissaving. B) the consumption function.
C) investment. D) inventory investment.
B
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Starting from long-run equilibrium, a large tax increase will result in a(n) ________ gap in the short-run and ________ inflation and ________ output in the long-run.
A. recessionary; lower; potential B. expansionary; lower; potential C. expansionary; higher; potential D. recessionary; lower; lower
When the price of a good rises, consumers buy a smaller quantity because of the ________ effect and the ________ effect
A) substitute; complement B) substitution; income C) normal; inferior D) supply; demand
Briefly describe the Sarbanes-Oxley Act and explain why it was passed
What will be an ideal response?
The optimal level of emissions of most pollutants is zero.
Answer the following statement true (T) or false (F)