When output exceeds planned expenditures, there is insufficient production in the economy
Indicate whether the statement is true or false
FALSE
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Barter eliminates the double coincidence of wants
Indicate whether the statement is true or false
A progressive tax is a tax that taxes income so that the average tax rate increases with income
Indicate whether the statement is true or false
If the government wished to shift aggregate demand to the left, it might:
A. decrease military spending. B. increase the amount of educational grants available. C. decrease corporate income taxes. D. All of these would cause a decrease in aggregate demand.
The slope of an isocost line is equal to:
A. -(wage rate/rental rate of capital). B. (wage rate/rental rate of capital). C. -(rental rate of capital/wage rate). D. (rental rate of capital/wage rate).