A change in the price level ________ the AE curve and ________ the AD curve
A) results in a movement along; shifts
B) shifts; results in a movement along
C) shifts; shifts
D) has no effect on; results in a movement along
E) results in a movement along; results in a movement along
B
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The U.S. federal personal income tax is a ________ tax
A) progressive B) regressive C) proportional D) flat
The current U.S. population is about 300 million yet the current U.S. labor force is only about 150 million. What subtractions are made from the population number to set it equal to the labor force?
What will be an ideal response?
Which of the following is the most likely explanation of Japan's very low market interest rates in the early 2000s?
A) expected deflation B) an increasing budget deficit C) an increasing trade surplus D) an increase in corporate profits
The silly clothes worn by a circus clown are an example of
a. market inefficiency b. capital goods c. labor, if it is used by labor exclusively d. human capital e. entrepreneurship, if the clown becomes more creative wearing the clothes