Tax cuts shift aggregate demand
a. right as do increases in government spending.
b. right while increases in government spending shift aggregate demand left.
c. left as do increases in government spending.
d. left while increases in government spending shift aggregate demand right.
a
Economics
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When cyclical unemployment is zero,
A) frictional unemployment is zero. B) cyclical and frictional unemployment are zero. C) structural unemployment is zero. D) the unemployment rate equals the natural unemployment rate. E) the natural unemployment rate is zero.
Economics
Everything else held constant, if consumption expenditure increases by 65 for a 100 increase in disposable income, the mpc is
A) 0. B) 0.5. C) 0.65. D) 1.
Economics