Residential construction in the form of homes and apartment buildings are classified as consumption goods
Indicate whether the statement is true or false
F
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Which of the following would NOT shift the aggregate demand curve to the left?
A) an increase in money demand B) a cut in federal government spending C) a reduction in federal income taxes D) a decrease in consumption spending
Which of the following would increase household saving and thus equilibrium investment spending?
a. A reduction in the investment tax credit. b. An increase in the corporate profits tax. c. A decrease in the capital gains tax. d. An increase in the investment tax credit. e. An increase in government regulation.
Refer to the accompanying figure. At a price of $3, there will be:
A. an excess supply of 2 units. B. an excess supply of 7 units. C. an excess demand of 7 units. D. an excess demand of 5 units.
The social (or true) cost of producing a good is derived by
a. adding external cost to private cost b. subtracting private cost from external cost c. subtracting external cost from private cost d. measuring private cost alone e. measuring external cost alone