The positive slope of the AS curve is a _____ phenomena, when the _____ are held constant
a. long-run; business profits
b. short-run; government expenditures
c. short-run; costs of production
d. long-run; commodity prices
e. long-run; aggregate expenditures
c
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If government expenditure on goods and services increase by $10 billion, then aggregate demand
A) increases by $10 billion. B) increases by $10 billion multiplied by the government expenditure multiplier. C) decreases by $10 billion multiplied by the government expenditure multiplier. D) decreases by $10 billion. E) increases by $10 billion multiplied by the tax multiplier.
Refer to the above figures. Which panel represents the expected relationship between tax revenue and the sales tax rate if static tax analysis is used?
A) Panel 1 B) Panel 2 C) Panel 3 D) Panel 4
Adam Smith is the father of modern economics
a. True b. False Indicate whether the statement is true or false
Which of the following is a financial contract in which a firm agrees to repay the amount borrowed plus interest?
a. Corporate bond b. Certificate of deposit c. Municipal bond d. Stock