Decrease in government spending will ________ the expenditure curve:
A) decrease.
B) increase.
C) not change.
D) none of the above.
A
You might also like to view...
Answer the next question based on information in the following table.ProductPercentage Change in IncomePercentage Change in Quantity DemandedW?1?1X+6+3Y?1+1Z+4+8Which product would be an inferior good?
A. product W B. product X C. product Y D. product Z
Because it provides some indication of what is happening to U.S. claims on foreign wealth and the demand for imports and exports, the ________ is closely followed by economists wanting information on the future movement of exchange rates
A) trade balance B) capital account C) current account balance D) statistical discrepancy
A tax dollar collected from an individual or a business costs the private economy more than a dollar because
a. the administration and enforcement of the tax system is costly. b. record keeping and the other elements of compliance cost are sizable. c. the taxes will eliminate some productive exchanges (and cause people to undertake some counterproductive activities). d. All of the above are correct.
Monopoly is a word derived from Greek origins that means, roughly, single seller. Why is the definition of monopoly as single seller inadequate in economic terms?