The initial impact of the repeal of an investment tax credit is to shift

a. aggregate demand right.
b. aggregate demand left.
c. aggregate supply right.
d. aggregate supply left.

b

Economics

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If the inputs to a production process are perfect complements, the firm can choose from a virtually infinite array of combinations of the two inputs to minimize the costs of producing a given level of output

Indicate whether the statement is true or false

Economics

Suppose that Matt quits a job with the XYZ Corporation in order to look for more rewarding employment. Matt would be

A) counted as still being employed. B) included in the economy's "hidden employment." C) counted as frictionally unemployed. D) counted as cyclically unemployed.

Economics