In Econland autonomous consumption equals 700, the marginal propensity to consume equals 0.80, net taxes are fixed at 50, investment is fixed at 100, government purchases are fixed at 100, and net exports are fixed at 40. Aggregate expenditure equals

A proposed increase in the federal income tax rates may actually be viewed favorably by many mayors of cities because:

A. it will allow them to also raise their tax rates. B. it will cause the price of municipal bonds to increase and their yields to decrease. C. people will pay less attention to local taxes. D. it will cause the demand for municipal bonds to increase and their yields to increase.

The invention of ATMs reduced the:

What will be an ideal response?