A decrease in individual income taxes ________ disposable income, which ________ consumption spending
A) decreases; increases B) increases; increases
C) increases; decreases D) decreases; decreases
B
Economics
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If the Ricardo-Barro effect is present, a government budget deficit raises the equilibrium real interest rate by ________ and decreases the equilibrium quantity of investment by ________ than if the Ricardo-Barro effect is absent
A) more; more B) more; less C) less; more D) less; less
Economics
A free trade agreement plus a common set of tariffs toward non-members is called
A) a common market. B) a customs union. C) a free trade area. D) an economic union.
Economics