Which of the following statements is positive?
A. Large budget surpluses should be avoided.
B. A tax cut that benefits high-income households is acceptable.
C. Higher taxes are needed to support education.
D. Tax increases tend to discourage saving.
Answer: D
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Which of the following statements is TRUE about the long-run and short-run aggregate supply curve in the classical model?
A) The long-run aggregate supply curve is vertical, and the short-run curve is horizontal. B) The long-run aggregate supply curve is not defined, and the short run curve is vertical. C) The long-run and short-run curves start out horizontal and eventually become vertical. D) The long-run curve is vertical, and there is no short-run curve since all adjustments occur quickly.
A business incurs the following costs per unit: Labor - $125/unit; Materials $45/unit and rent - $250,000/month. If the firm produces 1,000,00 . units a month, the total fixed costs equal
a. $250,000 b. $50,000 c. $20,500 d. $30,000
Economic profits and the performance of stock
A) are independent of each other. B) are negatively related. C) are positively related. D) are positively related only during downturns in the business cycle.
An example of income earned but not received is corporate dividends
Indicate whether the statement is true or false