The fraction of an increase in income that is saved is referred to as the _____
Fill in the blank(s) with the appropriate word(s).
marginal propensity to save.
Economics
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A tax on firms for polluting will be most effective in reducing pollution at low cost if the tax
A) is levied on a one-time, lump-sum basis. B) per unit of pollutant is constant. C) per unit of pollutant is lower for low polluting firms. D) per unit of pollutant is proportioned to profits or ability to pay.
Economics
In the above figure, point B represents
A) a recessionary gap. B) a full-employment equilibrium. C) an inflationary gap. D) a decrease in aggregate demand.
Economics