If taxes are increased, the AD curve
A) is not affected because a change in taxes is a nominal change not real change.
B) shifts rightward and aggregate demand decreases.
C) shifts leftward and aggregate demand decreases.
D) does not shift but there is a movement down along the curve.
C
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Which of the following is true?
i. Comparative advantage drives international trade. ii. Compared to a no-trade situation, imports make domestic producers better off. iii. Tariffs lower the domestic price of imported goods. A) Only i B) Only ii C) Only iii D) i and ii E) i and iii
Determining the optimal choice of input combinations generally does not involve
a. substitution of one input for another. b. fixing the level of technology in the long run. c. minimizing cost, given the prices of inputs. d. assessing the productivity of various inputs.
Which of the following statements is not true? To acquire Bitcoins, an individual can:
a. Trade for them. b. Buy them. c. Mine them by solving a Bitcoin-generated computer algorithm. d. Borrow them at any local Bitcoin bank. e. All of the statements above are true.
Based on the following information, what is the amount of public saving? ReceiptsExpendituresFederal Government2,5002,000State and Local Governments1,5001,500
A. +2,500 B. -300 C. +200 D. +3,700