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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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
Differentiate between a progressive tax system and a regressive tax system
What will be an ideal response?
As the number of firms in an industry increases, the residual demand curve becomes
A) more elastic. B) less elastic. C) larger. D) vertical.
Which type of statement - positive or negative - can be evaluated by analyzing data alone?