Lower deficits should lead to higher levels of private investment spending.

Consumers will always pay the entire amount of a specific tax whenever

A) demand is perfectly inelastic. B) supply is perfectly elastic. C) Both A and B above. D) Either A or B above but not at the same time.

Based on recent research, which of the following is the most likely cause of the reduction in the rate of technological progress?

A) measurement error B) the increase in the size of the service sector C) a reduction in R&D spending D) a reduction in the fertility of research E) all of the above