One way the government can boost the economy out of a recession is:
A. with public announcements telling the public to save their money.
B. by increasing government spending.
C. by setting price ceilings on most goods so people can afford them.
D. None of these will help an economy in recession.
Answer: B
Economics
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If the marginal income tax rate falls from 50 percent to 40 percent:
A. after-tax wages decline. B. the incentive to work becomes weaker. C. the average tax rate rises. D. the incentive to work becomes stronger.
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The monopolist faces the demand curve of ___________.
Fill in the blank(s) with the appropriate word(s).
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