A proponent of supply-side economics would advocate
A. increasing income taxes on saving.
B. reducing corporate income tax.
C. increasing capital gains tax.
D. increasing personal income tax.
Answer: B
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What will be an ideal response?
For an economy to eliminate inflation once people have begun to anticipate it, _____
a. a passive policy approach must be followed b. the monetary authorities must announce their decisions c. actual inflation must be greater than anticipated inflation d. cold turkey solutions that lead to further inflation must be avoided e. a recession will have to be endured until expectations have been reduced
A profit-maximizing perfect competitor will ___________ operate at that output at which MC = MR.
A. always B. usually C. sometimes D. rarely
A firm that faces a downward sloping demand curve is
A) a price taker. B) a price provider. C) a price searcher. D) a price creator.