Which figure above shows the effect of a technological advance in the production of pizza?
A) Figure A
B) Figure B
C) Figure C
D) Figure D
E) Both Figure A and Figure D
D
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When the government levies a $100 million tax on people's income and puts the $100 million back into the economy in the form of a spending program such as new interstate highway construction, the
a. tax multiplier magnifies the effect of taxes on the level of national income b. tax, then, generates a $100 million decline in national income c. level of national income expands by $100 million d. effect on national income is uncertain e. tax multiplier overpowers the income multiplier, triggering a rollback in national income
The relationship between the number of hours you study and your economics score is linear.
Answer the following statement true (T) or false (F)