The Central Bank of Wiknam decreases the money supply at the same time the Parliament of Wiknam repeals a new investment tax credit. Which of these policies shifts aggregate-demand curve to the left?
a) the investment tax credit repeal but not the money supply decrease
b) the money supply decrease but not the investment tax credit repeal
c) both the money supply decrease and the investment tax credit repeal
d) neither the investment tax credit repeal nor the money supply decrease
Ans: c) both the money supply decrease and the investment tax credit repeal
Economics
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The slope of an isocost line determines the marginal rate of substitution
Indicate whether the statement is true or false
Economics
Which of the following is not included in Nation A's financial account?
a. Foreign deposits of funds in savings accounts in Nation A. b. Purchases and sales of fishing and mineral rights. c. Foreign purchases of Nation A's Treasury bills. d. All the above.
Economics