Which of the following shifts the aggregate demand curve leftward?
A) a decrease in government expenditure on goods and services
B) an increase in the price level
C) a tax cut
D) an increase in foreign income
E) a decrease in the price level
A
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Serafina was earning $75 per hour and working 50 hours per week. Serafina's wage rose to $90 per hour, and as a result, she now works 60 hours per week
What can you conclude from this information about the income effect and the substitution effect of a wage change for Serafina?
The worldwide slowdown in labor productivity began in the early
a. 1960s. b. 1970s. c. 1980s. d. 1990s.
What are the three phases of antitrust policy in the United States, since 1890?
a. 1890 to 1914, the rule of reason; 1914 to the early 1980s, per se; since then, the rule of reason b. 1890 to 1914, per se; 1914 to the early 1980s, the rule of reason; since then, per se c. 1890 to 1914, the rule of reason; 1914 to the early 1980s, per se; since then, no antitrust policy d. 1890 to 1914, the rule of reason; 1914 to the early 1980s, per se; since then, a period of rate of return regulation e. 1890 to 1914, the rule of reason; 1914 to the early 1980s, per se; since then, a period of nationalization
Inflation
A. has no impact on taxing strategies. B. can be temporarily offset with tax cuts. C. only became a tax problem in the late 1990s. D. generally affects state governments most severely.