An inflation-induced increase in the effective tax rate on interest income and capital gains results in
a. a leftward shift of the saving schedule.
b. a rightward shift of the saving schedule.
c. no shift of the saving schedule.
d. a rightward shift of the investment schedule.
A
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A leftward shift of a product supply curve might be caused by
A. an improvement in the relevant technique of production. B. some firms leaving the industry. C. a decline in the prices of needed inputs. D. an increase in consumer incomes.
When a nation exports a good, its ________ surplus increases and its ________ surplus increases
A) consumer; total B) consumer; consumer C) producer; producer D) producer; total E) total; consumer
We can find the market supply for phones by:
A. adding all of the prices at which sellers are willing to sell phones. B. multiplying the number of sellers by the number of consumers. C. adding the number of phones buyers want to buy at each price level. D. adding the individual supply curves for phones.
A good that entails relatively high fixed costs associated with the use of knowledge and other information-intensive inputs as key factors of production is
A) a logo good. B) a search good. C) a persuasive good. D) an information product.