A rise in the income tax rate will
A) raise the multiplier and raise equilibrium income.
B) lower the multiplier and raise equilibrium income.
C) raise the multiplier and lower equilibrium income.
D) lower the multiplier and lower equilibrium income.
D
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Australia is a net exporter of wool, free trade will benefit the ________.
A. rich citizens of the Australia B. poor citizens of the Australia C. domestic consumers D. domestic producers
It is useful to study the Solow growth model because
A) it provides a useful account of the reasons for population growth. B) it is useful in understanding the sources of economic growth after 1800. C) it has a steady state. D) it can help us understand the reasons for population control.
If Health Spas charges an annual membership fee of $1,000 for the use of their facilities and charges a $20 fee each time a member uses their facilities, the $1,000 charge is a(n) ________ fee and the $20 charge is a(n) ________ fee.
A) user; user B) fixed; fixed C) user; fixed D) fixed; user
If savers do not have fixed savings goals, the supply curve of loanable funds will generally be
a. horizontal. b. downward sloping. c. vertical. d. upward sloping.