What does the supply curve for Mexican pesos tell us?
a. The number of pesos people will want to sell at each different exchange rate
b. The number of pesos people will want to sell at each level of output
c. The number of pesos people will want to buy at each different exchange rate
d. The number of pesos people will want to buy in each different time period
e. The number of pesos people will want to sell at each different interest rate.
A
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Starting from long-run equilibrium, a large tax cut will result in a(n) ________ gap in the short-run and ________ inflation and ________ output in the long-run.
A. expansionary; higher; higher B. expansionary; higher; potential C. recessionary; higher; potential D. recessionary; lower; lower
A tax levied on the total amount spent in retail stores is called
a. a sales tax. b. an excise tax. c. a retail tax. d. an income tax.
In the United States, the labor-force participation rate since 1960 has been
A) increasing for females. B) unchanged for both males and females. C) declining for females. D) declining for both males and females.
Explain how the aggregate demand curve is related to the C + I + G + X curve
What will be an ideal response?