Holding other factors constant, if a tax cut moves the government budget from a surplus to a deficit, then the real interest rate will ________ and the equilibrium quantity of national saving and investment will ________.
A. decrease; increase
B. decrease; decrease
C. increase; increase
D. increase; decrease
Answer: D
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A tax on suppliers will cause the ________ schedule to shift ________.
A. supply, right B. demand, right C. demand, left D. supply, left
An increase in the demand for washing machines might be caused by
A. a decrease in the number of buyers. B. an expected increase in the price of washing machines. C. a decrease in the price of washing machines. D. an expected decrease in the price of washing machines.
Vertical restraints in a contract
A) are generally illegal in the U.S. B) usually benefit the firm that produces the raw inputs to the production process. C) are used in vertical mergers. D) can approximate the outcome of a vertical merger.
Why are human resources limited?
A. Some people are unable to work. B. New equipment is expensive. C. Countries lack needed technology. D. World population continues to grow.