If personal income taxes and business taxes increase, then this will:
A. Increase aggregate demand and aggregate supply
B. Decrease aggregate demand and aggregate supply
C. Decrease aggregate demand and increase aggregate supply
D. Increase aggregate demand and decrease aggregate supply
B. Decrease aggregate demand and aggregate supply
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Advances in technology and growth in human capital ________ because ________
A) shift the productivity curve downward; labor and capital become less productive B) shift the productivity curve upward; labor and capital become less productive C) shift the productivity curve upward; labor and capital become more productive D) do not shift the productivity curve; there is a movement along the productivity curve E) shift the productivity curve downward; labor and capital become more productive
Which of the following firms is not able to practice price discrimination?
A) commercial airlines B) the largest wheat farmer in Nebraska C) land-line telephone companies D) movie theaters