If the business taxes decreased for a firm, then we might expect investment spending to: A. increase.
A. increase.
B. decrease.
C. remain constant.
D. there is not enough information to determine what would happen.
A. increase.
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What are the effects of fiscal policy during normal times? What are the effects of fiscal policy during abnormal times?
What will be an ideal response?
When consumers are less confident about their jobs or incomes, they are more likely to
A) reduce purchases of durable goods than nondurable goods. B) increase consumption spending and decrease investment spending. C) reduce purchases of nondurable goods and increase purchases of durable goods. D) increase investment spending and decrease consumption spending.
In economics, the term "surplus" means an excess quantity supplied
a. True b. False Indicate whether the statement is true or false
Even if economic theory is based on positive analysis, economists may still disagree with each other because
a. economists tend to have excessive self-interest b. they ignore politics c. they are opinionated d. they may have different values, like everyone else e. they try to be right all the time