The IS curve shifts to the right when ________
A) autonomous consumption decreases
B) taxes increase
C) autonomous investment increases
D) all of the above
E) none of the above
C
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Briefly explain what is included in the following provisions which are a part of the Patient Protection and Affordable Care Act (ACA):
-the individual mandate -the employer mandate -regulation of private insurers -state health exchanges
The change in import spending due to a change in domestic real income is called:
A) marginal propensity to save. B) marginal propensity to consume. C) marginal propensity to import. D) none of the above.
The welfare loss of a tariff equals that of a import quota that leads to the same level of imports
Indicate whether the statement is true or false
The U.S. experience with tax cuts and tax increases since 1975 suggests that
a. tax cuts always stimulate consumption spending. b. tax changes have a stable and predictable effect on consumption spending. c. temporary tax changes are less effective than permanent changes. d. tax changes have no effect on consumption spending.