Everything else held constant, an increase in autonomous consumer spending will cause the IS curve to shift to the ________ and aggregate demand will ________

A) right; increase
B) right; decrease
C) left; increase
D) left; decrease

A

Economics

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Which of the following equations is true of a profit-maximizing firm?

A) Wage = value of worker's marginal product B) Wage = worker's marginal product C) Wage = worker's total product D) Wage = average product of all workers

Economics

To help pay for the cost of sport related injuries, the government imposes a tax on sellers of all sports equipment. The deadweight loss created by this tax would be greater than shown in the figure above if

A) the demand were more elastic. B) the supply were more elastic. C) neither of the above. D) both A and B above.

Economics