As the interest rate decreases, the planned aggregate expenditure curve shifts downward.
Answer the following statement true (T) or false (F)
False
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Suppose a competitive market with adverse selection has settled into a pooling equilibrium where everyone is offered the same price. If full markets are re-established through signals, the new equilibrium will be more efficient than the original pooling equilibrium.
Answer the following statement true (T) or false (F)
Firms in a monopolistically competitive market structure maximize their profit by producing an output where:
a. price equals average total cost. b. marginal cost equals average total cost. c. marginal cost equals price. d. marginal revenue equals marginal cost.
A person obtains income by selling the services of the resources that he or she owns
a. True b. False Indicate whether the statement is true or false
The term tax incidence refers to
A. widespread view that taxes (and death) are the only certainties in life. B. whether the demand curve or the supply curve shifts when the tax is imposed. C. the distribution of the tax burden between buyers and sellers. D.whether buyers or sellers of a good are required to send tax payments to the government.