The Kennedy tax cut of 1964 was
a. successful in stimulating the economy.
b. designed to shift the aggregate demand curve to the right.
c. designed to shift the aggregate supply curve to the right.
d. All of the above are correct.
d
Economics
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Which of the following is NOT one of the factors your text identifies that could affect the size of the multiplier?
A) What sector of the economy receives the initial increase in spending B) How the spending is financed C) Whether the economy is in recession or at full employment D) Whether the economy is in autarky equilibrium
Economics
In the long-run equilibrium in perfect competition, consumer surplus is
A) positive. B) negative. C) zero. D) less than producer surplus.
Economics