A decrease in the tax rate will ________ the disposable income of households and ________ the size of the multiplier effect
A) decrease; decrease
B) decrease; increase
C) increase; decrease
D) increase; increase
E) increase; not change
D
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Positive economics deals with
a. theories about improving people's self-esteem b. practical ways of improving people's self-esteem by making money c. opinions that affirm economists' theories d. statements about the way things ought to be e. statements of fact
Gross domestic product is the:
a. total market value of the final goods and services produced by an economy during a specific period of time. b. total value of all the goods and services produced in an economy plus the value of the goods and services imported minus the value of the goods and services exported. c. total market value of all final goods and services produced by the factors of production of an economy during a given time period minus depreciation. d. total quantity of all goods and services produced in an economy during a specific period of time.
Desirable property of money
Movement along the aggregate demand curve may be caused by a change in autonomous investment spending.
a. true b. false