The supply schedule and the supply curve are just two __________ ways of showing the same information.
a. numeric
b. graphical
c. identical
d. different
d. different
You might also like to view...
Potential buyers of older homes form their bids from imperfect estimates of a house's value. As a consequence,
a. High-value houses would remain unsold b. Low value houses would remain unsold c. Both of the houses would be sold d. All of the above
Positive incentives do not: a. increase benefits
b. result in an increased level of the related activity. c. reduce costs. d. discourage consumption.
The larger the marginal propensity to consume (MPC), the larger the percentage of disposable income that people consume rather than save, and the larger is the ultimate increase in real GDP from an initial increase in aggregate expenditure such as government spending
Indicate whether the statement is true or false
How does a tax cut affect the expenditure schedule?
A. It causes movement to the left along the schedule. B. It causes the schedule to shift upward. C. It causes movement to the right along the schedule. D. It causes the schedule to shift downward.