The tax multiplier is negative because increases in taxes lead to decreases in consumer spending
Indicate whether the statement is true or false
TRUE
Economics
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Provide two examples of a monetary incentive and two examples of non-monetary incentive, a carrot and a stick of each, that government policies use to influence behavior
What will be an ideal response?
Economics
Skateboards are produced according to the production function, q = 10K0.25L0.5 - L. Given that capital is fixed at 16 units in the short run, what quantity of labor is needed to produce 36 units of output?
A) L = 4 B) L = 2 C) L = 25 D) L = 16
Economics