A corrective tax
a. can be used to internalize a negative externality.
b. imposed on sellers shifts the supply curve to the left.
c. imposed on buyers shifts the demand curve to the left.
d. All of the above are correct.
d
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An inflation rate that exceeds 50 percent per month is referred to as
A) hyperinflation. B) destructive deflation. C) superflation. D) anticipated inflation.
Disposable personal income measures the after-tax income received by households
a. True b. False Indicate whether the statement is true or false
"Plowback" is that portion of corporate profits used to
a. invest in future activities of the corporation. b. advertise the company's product. c. buy back bonds (reduce debt). d. pay owners for the use of their capital.
Other things being equal, a reorganization of the OPEC cartel to permit it to increase world oil prices by 70 percent would most likely have which effect?
A. It would shift the aggregate demand curve right. B. It would shift the aggregate supply curve right. C. It would shift the aggregate demand curve right and the aggregate supply curve left. D. It would shift the aggregate supply curve left.