Lower taxes on businesses will shift the aggregate:
A. demand curve rightward.
B. demand curve leftward.
C. supply curve rightward.
D. supply curve leftward.
Answer: C
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Refer to Table 15.3. Based on the data in the table, fiscal policy in Cordelia is ________ and fiscal policy in Saldinia is ________
A) sustainable; sustainable B) sustainable; unsustainable C) unsustainable; sustainable D) unsustainable; unsustainable
The most likely impact of an unanticipated increase in the money supply is a(n): a. increase in the real interest rate, which in turn stimulates investment and GDP
b. decrease in the real interest rate, which in turn stimulates investment and GDP. c. decrease in real output, which causes the real interest rate to decline and in turn stimulate investment and GDP. d. increase in real output, which causes the real interest rate to decline.
In the market for labor, the price of labor is the:
A. real wage. B. same as price of the product produced by the labor. C. number of hours employed per year. D. marginal product of labor.
Pender Pet Products is considered an opportunistic importer because the firm seeks products around the world that it can import and sell profitably to domestic consumers.
a. true b. false