As shown in Figure 7-4, an autonomous decline in expectations of future profitability causes the
a. IS schedule to shift to the left.
b. IS schedule to shift to the right.
c. LM schedule to shift to the right.
d. LM schedule to shift to the left.
A
Economics
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Advocates of a progressive income tax use arguments EXCEPT for which of the following?
A) A progressive tax system taxes according to ability to pay. B) A progressive tax system taxes according to benefits received. C) A progressive tax system helps redistribute income away from the rich and towards the poor. D) A progressive tax system maximizes government revenues.
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Movie theatres charge different prices to different groups of people based on the differing marginal costs that exist from group to group
a. True b. False Indicate whether the statement is true or false
Economics