The steeper the short-run aggregate supply curve, _____
Fill in the blank(s) with the appropriate word(s).
the larger the impact of a shift in aggregate demand on the equilibrium price level.
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What economic benefits might a developing country gain by reducing corruption? Discuss only economic benefits and provide examples from specific developing countries
What will be an ideal response?
Entrepreneurs tend to take greater risks if low tax rates offer greater after-tax profit potentials. The government's decision to offer low tax rates to entrepreneurs is:
A. providing room for an economic expansion. B. providing an incentive, in the hopes that more entrepreneurs will take risk and create economic growth. C. providing a disincentive, in the hopes that more entrepreneurs will avoid risk and not grow. D. providing a disincentive, in the hopes that entrepreneurs will not get into tax default after assuming too much risk.
Bailey is married with no children. Based on the table showing income distribution in the United States in 2017, if Bailey earns $200,000 per year, what is the minimum amount her husband would have to earn to put them in the top 5% of earners?
a. $33,557
b. $54,620
c. $61,508
d. $145,380
Protectionist policies include all of the following EXCEPT
A. tariffs. B. currency appreciation. C. regulatory barriers. D. quotas.