Cut on tax & debt
What will be an ideal response?
increase spending level
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Income taxes paid by corporations are
A) the major source of revenue for the federal government. B) the major source of revenue for state governments. C) the major source of revenue for local governments. D) about 9 percent of the federal government's revenue. E) the major source of expenditure by the federal government.
How does the market for inputs like labor differ from the market for goods and services?
What will be an ideal response?
Refer to the graph shown. This set of cost curves is:
A. wrong because the marginal cost curve should go through the minimum points of the ATC and AVC curves in that order. B. wrong because the ATC should be below the AVC. C. correct. D. wrong because the marginal cost curve should not intersect the average total cost curve.
In a fixed exchange rate regime, an increase in the price level will cause which of the following?
A) a real appreciation and a leftward shift in the aggregate demand curve B) a real appreciation and no shift in the aggregate demand curve C) a real depreciation and a rightward shift in the aggregate demand curve D) a real depreciation and no shift in the aggregate demand curve E) no change in the real exchange rate, and no change in aggregate demand