On a graph with x on the horizontal axis and y on the vertical axis, the origin is
a. the point where x = 0 and y = 0
b. any point where x = 0
c. any point where y = 0
d. where a curve intersects the vertical axis
e. where a curve intersects the horizontal axis
A
Economics
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According to the misperceptions theory, an unanticipated decrease in the money supply shifts the AD curve ________, causing output to ________ in the short run
A) up and to the right; rise B) up and to the right; fall C) down and to the left; rise D) down and to the left; fall
Economics
Which of the following taxes tend to make income distribution in the United States more equal?
a. sales (i.e., excise) taxes b. personal income taxes c. payroll taxes d. All of the above are correct.
Economics