Assuming a long-run aggregate supply curve, a decrease in taxes results in ________ in output and ________ in price level
A) no change; an increase B) an increase; no change
C) a decrease; a decrease D) no change; a decrease
A
Economics
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Why do economists believe that it is socially optimal to have some amount of pollution?
What will be an ideal response?
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When you buy something, you do so because of the satisfaction you expect to receive from having and using that good. Another term that can be used for satisfaction is
A. price elasticity. B. utility. C. need. D. purchasing power.
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