Refer to the above figure. Line EBD is called
A) the saving function. B) the consumption function.
C) the 45-degree line. D) aggregate demand.
C
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________ refers to a government's failure to repay its debt
A) Intolerance B) Distortion C) Seignorage D) Repudiation
A friend tells you he is studying the incidence of the corporate income tax. What is the subject of his study?
A) how frequently corporations should be taxed B) how inflation affects the amount of tax revenue collected from firms C) how corporations can aid the government in collecting delinquent taxes D) how the burden of corporate taxation is distributed among stockholders, employees, and consumers
Inflation can be caused: a. only by increases in aggregate demand
b. only by increases in aggregate supply. c. only by decreases in aggregate supply. d. by increases in aggregate supply or decreases in aggregate demand. e. by increases in aggregate demand or decreases in aggregate supply.
The demand curve a monopoly faces is
A. horizontal. B. upward sloping. C. vertical. D. downward sloping.