An increase in the taxes paid by consumers shifts the aggregate demand curve to the left
a. True
b. False
Indicate whether the statement is true or false
True
You might also like to view...
Explain what a proportional tax is and provide an example
What will be an ideal response?
The opportunity cost of a decision is the value of all of the available alternatives that were not chosen
a. True b. False Indicate whether the statement is true or false
Currently, exports make up approximately ______ of world GDP
a. 15 percent b. 03 percent c. 30 percent d. 70 percent e. 60 percent
A less-developed nation will be able to benefit substantially by adopting the technologies and the business practices that have been successful in other nations, but only if
a. its wages are low enough. b. its population is large enough. c. it first educates its citizens well, so they can use the new ideas. d. it improves its institutions so that investors are willing to import the capital and any expertise needed to take advantage of the advanced production techniques that are available.