If fiscal policy implementation causes some crowding out, the ________ shift of the aggregate demand curve will be ________ than it would have been if no crowding out had occurred.
A. leftward; larger
B. rightward; smaller
C. rightward; larger
D. leftward; smaller
Answer: B
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If the price of a good increases, the quantity supplied will
A. increase. B. decrease. C. not change. D. quantity supplied is unchanged, but the supply will increase.
If the marginal resource cost of the tenth worker hired by a firm is $4 and the wage of the tenth worker is $3, the firm will hire ten workers if the marginal revenue product of the tenth worker is
a. $3 b. less than $3 c. greater than or equal to $3 d. greater than or equal to $4 e. less than $4
Suppose Ms. Sanchez has a total income of $200,000, has a taxable income of $120,000, and pays $40,000 in taxes. Considering the information, what is Ms. Sanchez's effective tax rate?
A. 33.3 percent. B. 60.0 percent. C. 25.0 percent. D. 20.0 percent.
Ethan purchases a new house for $170,000 . Ethan's purchase of the house contributes $170,000 to which magnitude in the identity Y = C + I + G?
a. C b. I c. G d. None of the above are correct.