Higher taxes affect real GDP indirectly through both the consumption channel and the output supply channel
a. True
b. False
Indicate whether the statement is true or false
True
Economics
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To determine whether a nation has an "abundance" of a resource, economists look at:
a. the exports of the nation. b. the imports of the nation. the total quantity of that resource compared with c. the total quantity of the other resource. d. a nation's share of the resource compared with its share of world GDP
Economics
Which statement best describes U.S. tariff history between 1800 and 1940?
A) Tariffs were relatively high throughout, especially during wars, with peaks in 1828 and 1930. B) Tariffs were relatively low throughout, especially during wartime. C) Tariffs were relatively high throughout, especially during wars, with lows in 1828 and 1930. D) None of the above.
Economics