If the price of gasoline increases significantly, then we'd expect the demand curve for large trucks and SUVs to
A. become upward-sloping.
B. shift to the left.
C. not shift, but there will be a movement along that demand curve.
D. shift to the right.
Answer: B
Economics
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The average tax rate is calculated as
A) total income divided by the total tax paid. B) the change in income divided by the change in total tax paid. C) total tax paid divided by total income. D) the change in total tax paid divided by the change in income.
Economics
An increase in the money supply would cause the IS curve to
A) shift up and to the right. B) shift down and to the left. C) remain unchanged. D) shift up and to the right only if people face borrowing constraints.
Economics