Figure 9.1 shows three aggregate demand curves. A movement from point b to point c could be caused by a(n)
A) decrease in government spending. B) decrease in the price level.
C) decrease in taxes. D) increase in the money supply.
B
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Differentiate between a progressive tax system and a regressive tax system
What will be an ideal response?
Which type of statement - positive or negative - can be evaluated by analyzing data alone?
In an economy, the value of inventories was $75 billion in 2009 and $63 billion in 2010. In calculating total investment for 2010, national income accountants would ________.
A. increase it by $138 billion B. increase it by $63 billion C. decrease it by $12 billion D. decrease it by $75 billion
As the number of firms in an industry increases, the residual demand curve becomes
A) more elastic. B) less elastic. C) larger. D) vertical.