A decrease in the tax rate will ________ the disposable income of households and ________ the size of the multiplier effect

In deciding whether to study for an economics quiz or go to a movie, one is confronted by the idea(s) of:

A. scarcity and opportunity costs. B. money and real capital. C. complementary economic goals. D. full production.

As one moves down a straight-line demand curve away from the vertical axis, demand becomes less elastic and then inelastic.

Answer the following statement true (T) or false (F)