Higher personal income taxes
A) increase aggregate demand. B) increase disposable income.
C) decrease aggregate demand. D) both B and C
C
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As increasing amounts of a good are produced, the marginal cost of production tends to
a. rise. b. fall. c. remain constant. d. change unpredictably.
The average annual growth rates of labor productivity from 1948 to 1973 were ________ the average rates over the period from 1973 to 1995.
A. more rapid in the U.S., but slower in other industrialized countries than B. about the same as C. more rapid than D. slower than
Who regulates the quantity of money circulating in the economy?
A) the Federal Reserve B) the banking system C) the U.S. Congress D) the President of the United States E) The U.S. Congress and the President share the control.
If the price of one input changes, the firm will change its use of that input only.
Answer the following statement true (T) or false (F)