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The formula, , is equal to the
A) expenditure multiplier. B) marginal propensity to export. C) marginal propensity to consume. D) marginal tax rate. E) total amount of autonomous expenditure.
Suppose Congress passes a one-time tax refund of all taxes paid by firms in an industry last year. This will lead to a drop in output price in the industry.
Answer the following statement true (T) or false (F)
A law that prohibits certain kinds of market behavior such as monopoly and monopolistic practices is called ________
A) a consumer surplus law B) a trust law C) an antitrust law D) an anti-monopoly law
The bond supply curve slopes up because
A) interest rates rise as bond prices rise. B) when bond prices are high, inflation is high. C) the lender is willing and able to offer more bonds when the price of the bond is low. D) the borrower is willing and able to offer more bonds when the price of the bond is high.