The demand for current consumption, as plotted against current income, shifts to the right due to all of the following except
A) a decrease in current taxes.
B) a decrease in future taxes.
C) an increase in current income.
D) an increase in future income.
C
Economics
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If the four-firm concentration ratio for the market for pizza is 28 percent, then this industry is best characterized as
A) a monopoly. B) monopolistic competition. C) an oligopoly. D) perfect competition. E) oligopolistic competition.
Economics
Discretionary fiscal policy involves
a. expansion of government revenues during a period of rapid growth. b. contraction of government revenues during a recession. c. automatic adjustments that affect the size of the budget deficit or surplus. d. an intentional change in taxation or government spending. e. both a and b.
Economics