During the period from 2001 to 2006, there were several major cuts in personal income tax rates. What effect did these have on the value of the multiplier?
a. They decreased the value of the multiplier.
b. They had no effect on the multiplier.
c. They increased the value of the multiplier.
d. The effect was uncertain.
c
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In the above figure, an increase in the quantity demanded is represented by a movement from point d to
A) point b only. B) point c only. C) point a. D) both points b and c.
An increase in the foreign interest rate causes the demand for domestic assets to shift to the ________ and the domestic currency to ________, everything else held constant
A) right; appreciate B) right; depreciate C) left; appreciate D) left; depreciate
When firms differentiate their products, they
a. always create real differences among products b. usually strain the sales staff of the firm c. frequently create artificial or superficial differences among products, thus raising their production costs d. always increase their profits
The problem of political instability has been greatest in which continent?
A. South America B. Europe C. Asia D. Africa