If income rises and the demand for a product remains unchanged, the income elasticity of demand for that product is unit elastic
a. True
b. False
B
Economics
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A decrease in the marginal income tax rate is a fiscal policy which will increase aggregate demand
Indicate whether the statement is true or false
Economics
In the circular-flow diagram, one loop represents the flow of goods and services, and the other loop represents the flow of factors of production
a. True b. False Indicate whether the statement is true or false
Economics
Planned aggregate expenditure (PAE ) equals:
A. C + I p + G + NX. B. C + I + G + NX p. C. C p + I + G + NX. D. C + I + G p + NX.
Economics
Refer to the above figure. Dissaving occurs,
A. only at point A. B. to the left of point B. C. only at point B. D. to the right of point B.
Economics