If the economy is experiencing demand-pull inflation, then the appropriate government policy would be to shift the:
a. aggregate demand curve by using a tax increase coupled with spending cuts.
b. aggregate demand curve by using a tax increase coupled with more spending.
c. aggregate demand curve by using a tax cut coupled with spending cuts.
d. aggregate demand curve by using a tax cut coupled with more spending.
e. aggregate supply curve by using a tax cut coupled with spending cuts.
a
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Which of the following will cause the aggregate demand curve to shift to the left?
A) An increase in the price level B) An increase in the interest rate C) An increase in money demand D) An increase in investment expenditures
When someone is stressed the first phase is physiological, second is resistance and the last stage is:
a. Evaluation b. Exhaustion c. Clarity d. Symbolic reaction
A unit tax is an example of a(n)
a. payroll tax b. property tax c. estate tax d. use tax e. excise tax
The marginal product of labor is the
a. marginal revenue product minus the wage paid to the worker. b. total amount of output divided by the total units of labor. c. increase in the amount of output from an additional unit of labor. d. None of the above is correct.