The Keynesian short-run aggregate supply curve is demonstrated graphically as a
A. downward sloping curve.
B. upward sloping curve.
C. horizontal line.
D. vertical line.
Answer: C
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Refer to the figure above. If the pre-tax equilibrium price of Good X was $3 and the price that sellers receive after the imposition of a tax of $3 is $2, the incidence of the taxation on sellers is approximately ________
A) 1% B) 15% C) 33% D) 21%
To stimulate investment spending, Congress would most likely decrease
a. personal income taxes. b. capital gains taxes. c. property taxes. d. real interest rates.
When someone asks how much money you made this year, they are using the term "money" correctly
a. True b. False Indicate whether the statement is true or false
If two goods are considered complements and the price of one decreases then the other good's
A. supply curve will shift to the left. B. supply curve will shift to the right. C. demand curve will shift to the left. D. demand curve will shift to the right.