Which of the following would lead to a positive supply shock?
a. An increase in the money supply.
b. A decrease in taxes.
c. The discovery of a more efficient production method.
d. An increase in consumer confidence.
e. An increase in energy prices.
C
Economics
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Refer to Table 1-1. What is Lydia's marginal benefit if she decides to stay open for an extra two hours instead of one hour?
A) $25 B) $50 C) $75 D) $125
Economics
According to the Laffer curve, when the tax rate is 100 percent, tax revenue will be:
a. 0. b. at the maximum value. c. the same as it would be at a 50 percent tax rate. d. greater than it would be at a 50 percent tax rate. e. the same as it would be at a 20 percent tax rate.
Economics