As sales of digital cameras increase, so do sales of photo printers. What factor is affecting demand?
a. consumer expectation
b. consumer taste
c. complements
d. substitutes
Answer: c. complements
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Expansionary monetary policy decreases the federal funds rate
Indicate whether the statement is true or false
In the above figure, a regulation requiring average cost pricing would force the firm to produce at output level
A) Q1. B) Q2. C) Q3. D) Q4.
Which of the following would shift the investment demand curve rightward?
a. A decrease in business taxes. b. A tax credit for new investment. c. Firms move from unused capacity to full capacity. d. All of these.
When the top marginal tax rates were lowered substantially during the 1980s, the inflation-adjusted income tax revenue collected from the top 1 percent of all income earners
a. declined sharply. b. remained approximately constant. c. increased substantially. d. did none of the above.