An increase in taxes will cause the consumption schedule to
a. shift upward.
b. shift downward.
c. remain fixed as the economy moves upward along the schedule.
d. remain fixed as the economy moves downward along the schedule.
b
Economics
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A small country is an international borrower and its domestic supply of loanable funds increases. Consequently, the equilibrium quantity of loanable funds used in the country ________ and the country's international borrowing ________
A) does not change; decreases B) does not change; does not change C) does not change; increases D) increases; does not change
Economics
Deadweight loss can be the result of
A) overproduction, but not underproduction. B) underproduction, but not overproduction. C) both overproduction and underproduction. D) neither overproduction, nor underproduction.
Economics