All of the following would shift the consumption-income line except
a. an increase in taxes that causes the marginal propensity to consume to change
b. an increase in taxes that changes autonomous spending
c. a change in expectations of future income
d. a change in wealth
e. none of the above
A
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The U.S. is the leader in health care.
A. True B. False C. Uncertain
For a firm operating in a perfectly competitive industry, marginal revenue and average revenue are equal
a. True b. False Indicate whether the statement is true or false
Refer to the information provided in Figure 26.3 below to answer the question(s) that follow.
Figure 26.3Refer to Figure 26.3. An increase in aggregate supply is represented by
A. a shift from AS1 to AS0. B. a movement from Point B to Point C along AS1. C. a shift from AS1 to AS2. D. a movement from Point B to Point A along AS1.