A rise in the income tax rate will
A) raise the multiplier and raise equilibrium income.
B) lower the multiplier and raise equilibrium income.
C) raise the multiplier and lower equilibrium income.
D) lower the multiplier and lower equilibrium income.
D
Economics
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The term "foreign currency" refers to foreign
I. coins II. notes III. bank deposits A) II only B) II and III only C) I and II only D) I, II, and III
Economics
In the above table, the production of 3 pizzas and 80 cases of soda is
A) impossible unless more resources become available or technology improves. B) feasible but would involve unemployed or misallocated resources. C) possible only if the economy produces with maximum efficiency. D) possible only if there is inflation.
Economics