If, as your taxable income increases, you pay a smaller percentage of your taxable income in taxes, then the tax is

Suppose that there is a decrease in the costs of production that shifts the short-run aggregate-supply curve right. If there is no policy response, then eventually

a) because unemployment is high, wages will be bid up and short-run aggregate-supply curve will shift right. b) because unemployment is high, wages will be bid down and short-run aggregate-supply curve will shift right. c) because unemployment is low, wages will be bid up and short-run aggregate-supply curve will shift right. d) because unemployment is low, wages will be bid up and short-run aggregate-supply curve will shift left.

The Obama stimulus package was implemented to assist the economy in its recovery from recession. This package was designed to shift

A) aggregate demand to the left. B) aggregate demand and aggregate supply to the left. C) aggregate supply to the left. D) aggregate demand to the right.