The consumption function will shift with
A) a decrease in real disposable income. B) a change in saving.
C) a change in household wealth. D) an increase in real disposable income.
C
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A flat-rate income tax is also called ________
A) an excise tax B) a property tax C) a proportional income tax D) a constant rate tax
If the economy is experiencing inflation, then the most appropriate government policy would be to:
a. shift the aggregate demand curve by using a tax increase coupled with spending cuts. b. shift the aggregate demand curve by using a tax increase coupled with more spending. c. shift the aggregate demand curve by using a tax cut coupled with spending cuts. d. shift the aggregate demand curve by using a tax cut coupled with more spending. e. shift the aggregate supply curve by using a tax cut coupled with spending cuts.
Mallard Corporation had a price-earnings ratio of 15, paid a dividend of $3, and retained earnings of $1 a share. What was the price of a share of Mallard stock?
a. $15 b. $30 c. $45 d. $60.
The table below shows cost data for a firm that is selling in a purely competitive market.OutputAverage Variable CostAverage Total CostMarginal Cost10$5.00$15.00$3124.0013.004144.7511.506165.759.009209.0012.0014Refer to the above cost chart. If the marginal revenue is $6, what output should the firm produce?
A. 14 B. 12 C. 20 D. 10