A tax rate cut, increase in government purchases, and creating an investment tax credit would shift:
a. only the aggregate demand curve
b. only the aggregate supply curve.
c. both the aggregate supply and aggregate demand curves.
d. neither the aggregate supply nor the aggregate demand curve.
c
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Which one of the following is not considered a financial intermediary?
A) a pension fund B) an insurance company C) a credit counselor D) a bank
If policymakers use a pollution tax to control pollution, the tax per unit of pollution should be set
A) equal to the marginal private cost of production at the economically efficient level of pollution. B) equal to the amount of the deadweight loss created in the absence of a pollution tax. C) at a level low enough so that producers can pass along a portion of the additional cost onto consumers without significantly reducing demand for the product. D) equal to the marginal external cost at the economically efficient level of pollution.
Labor productivity is
A) the quantity of capital one worker can produce in one day. B) the quantity of output produced in one hour by several workers. C) the quantity of output produced in one hour by one machine. D) the quantity of output produced by one worker or by one hour of work.
The welfare reforms of 1996 were entirely driven by flawed character biases
Indicate whether the statement is true or false