Which action will tend to decrease aggregate supply according to supply-side economists?
A. A decrease in government spending
B. An increase in the stock of capital
C. A decrease in the money supply
D. An increase in marginal tax rates
D. An increase in marginal tax rates
Economics
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If the cross-price elasticity of demand for goods A and B is zero, this means the two goods are unrelated
Indicate whether the statement is true or false
Economics
If there are both external benefits and external costs associated with the production and consumption of a good, and the external benefits are less than the external costs,
a. More than the efficient amount is being produced b. Less than the efficient amount is being produced c. the efficient amount is being produced d. We do not know whether the efficient amount, or more or less, is being produced.
Economics