Which of the following shifts aggregate demand to the right?
a. both an investment tax credit and a decrease in income tax rates
b. an investment tax credit but not a decrease in income tax rates
c. a decrease in income tax rates but not an investment tax credit
d. neither an investment tax credit nor a decrease in income tax rates
a
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Suppose that Congress passes an investment tax credit. The likely result will be
A) the supply curve for bonds will shift to the right. B) the demand curve for bonds will shift to the left. C) the demand curve for bonds will shift to the right. D) the equilibrium interest rate will fall.
More than any other country, the citizens of _______ consider American dollar a much better medium of exchange and standard of value than their own currency.
Fill in the blank(s) with the appropriate word(s).
Tax cuts on business income ________ aggregate demand
A) would decrease B) would increase C) would not change D) may increase or decrease
A firm that faces a downward sloping demand curve is known as a
A. price taker. B. price searcher. C. utility maximizer. D. perfect competitor.