Which of the following both shift aggregate-demand curve to the right?
a) a decrease in taxes and at a given price level consumers feel more wealthy
b) a decrease in taxes and at a given price level consumers feel less wealthy
c) an increase in taxes and at a given price level consumers feel less wealthy
d) an increase in taxes and at a given price level consumers feel more wealthy
Ans: a) a decrease in taxes and at a given price level consumers feel more wealthy
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It is better to protect an infant industry with _______ than ________.
a. a voluntary export restraint; a quota b. a voluntary export restraint; a tariff c. a tariff; a quota d. a quota; a tariff
What three real-world complications keep purchasing power parity from being a complete explanation of exchange rate fluctuations in the long run? Explain
What will be an ideal response?