An increase in net taxation increases aggregate supply.
Answer the following statement true (T) or false (F)
False
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If a firm spends $600 more on advertising, its goal is for the demand curve for its product to shift ________ and its marginal revenue curve to shift ________
A) leftward; rightward B) leftward; leftward C) rightward; leftward D) rightward, rightward
In a price-taker market, the short-run market supply curve is the
a. vertical sum of the marginal cost curves of all firms in the market. b. vertical sum of the average variable cost curves of all firms. c. horizontal sum of the marginal cost curves of all firms so long as price exceeds average variable cost. d. horizontal sum of the average total cost curves of all the firms in the market so long as average total cost exceeds the market price.
The U.S. government subsidizes the production of ethanol from corn and requires gasoline to contain a specific percentage of ethanol.What are the unintended consequences of this program?I. higher corn prices II. higher prices for cornbread and tortillas, products made from corn III. lower prices for gasoline because corn is a renewable resource
a. II only b. I only c. I and II d. I, II, and III
Which of the following would shift the supply curve for loans to the right, reducing short-term interest rates?
A. A reduction in discount lending by the Fed to banks B. An increase in the amount of money the Fed makes available to banks C. An increase in the desire of consumers to borrow money D. An increase in margin requirements