Tax expenditures can be viewed as government spending through the tax code

Assuming a long-run aggregate supply curve, a decrease in taxes results in ________ in output and ________ in price level

A) no change; an increase B) an increase; no change C) a decrease; a decrease D) no change; a decrease

An Internet start-up company consists of three people with an idea that they wish to use in pursuing a patent for a product. What type of capital does this company have and what is its value?

What will be an ideal response?