Which of the following can tax cuts influence?
a. Aggregate demand
b. Aggregate supply
c. Investment spending
d. All of the above
d
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If a curve rises and then falls, it has a
A) slope that is negative and then positive. B) minimum. C) linear relationshi
If the AD curve shifts rightward while the AS curve and potential GDP don't change, then
A) there will be no change in real GDP, so the economy is at the trough of the cycle. B) the expansion phase of the business cycle occurs. C) there will be no change in real GDP, so the economy is at the peak of the cycle. D) the economy will move from a peak into recession. E) real GDP does not change.
One problem with the European Union’s choice regarding equality versus efficiency is that it may inadvertently shrink the size of its “economic pie.”
Answer the following statement true (T) or false (F)
What is the horizontal intercept of the budget line, given that M = $1,000, PX = $50, and PY = $40?
A. 20.0 B. 2000.0 C. 11.11 D. 25.0