When total planned real expenditures change due to the changes in net exports, this is known as the
A) interest rate effect.
B) real-balance effect.
C) open economy effect.
D) aggregate balances effect.
C
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Regardless of how price inelastic the supply curve, tax revenue from a per-unit tax rises the more price inelastic the demand curve is.
Answer the following statement true (T) or false (F)
To be effective, OSHA rules must be exact , because flexibility will be used by employers to violate the beneficial effect of the rule
Indicate whether the statement is true or false
If a roofer offers a one-year warranty on their work, this is an example of ________.
A) a signal B) a trademark C) profit sharing D) certification
Which of the following will be observed if the U.S. federal government reduces fiscal spending, keeping other things constant?
a. The aggregate demand curve will shift to the right. b. The aggregate expenditure in the economy will decrease. c. The economy will approach potential GDP. d. The marginal propensity to consume will increase. e. The average price level will increase.