If a tax is levied on the sellers of a product, then there will be a(n)
a. downward shift of the supply curve.
b. upward shift of the supply curve.
c. decrease in quantity supplied.
d. increase in quantity supplied.
b
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The most prestigious stock market in the world is the
A) New York Stock Exchange. B) Chicago Mercantile Exchange. C) London Stock Exchange. D) Tokyo Stock Exchange.
The GDP of an economy is accurately calculated when: a. the values of both intermediate and final goods are included
b. the values of both intermediate and final goods are excluded. c. the value of intermediate goods are included, while the value of final goods are excluded. d. the value of final goods are included, while the value of intermediate goods are excluded.
An increase in the saving rate permanently increases the growth rate of real GDP per person
a. True b. False Indicate whether the statement is true or false
If the LM curve is vertical and government spending rises by G, in the IS-LM analysis, then equilibrium income rises by:
What will be an ideal response?