A deficit-financed tax cut will ____ national savings and _____ private consumption

a. have no effect on; increase
b. increase; decrease
c. decrease; decrease
d. decrease; increase

D

Economics

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The average return for supplying entrepreneurial ability is the entrepreneur's

A) accounting profit. B) normal profit. C) explicit profit. D) economic profit.

Economics

An economic slowdown in Europe is likely to lead to a(n):

a. decrease in U.S. exports and U.S. aggregate demand. b. increase in U.S. exports and U.S. aggregate demand. c. decrease in U.S. imports and U.S. aggregate demand. d. increase in U.S. imports and U.S. aggregate demand.

Economics