Most economists believe that a corporate income tax affects the stockholders of a corporation but not its employees or customers
a. True
b. False
Indicate whether the statement is true or false
False
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An outside lag is
A) a policy aimed at increasing GDP. B) a policy aimed at reducing GDP. C) a lag in implementing policy. D) the period of time it takes for policies to work.
The less elastic is the demand for a firm's product, the greater is that firm's market power
Indicate whether the statement is true or false
A source of economic growth is:
a. unemployment. b. inefficiency. c. less resources. d. greater entrepreneurship.
A government-imposed price ceiling set below the market's equilibrium price will create an excess demand for a product. As a result of the excess demand, either the demand curve will tend to shift to the left or the supply curve will shift to the right-or both
a. True b. False