A tax hike ________ aggregate demand and ________ aggregate supply
A) increases; increases
B) increases; decreases
C) decreases; increases
D) decreases; decreases
E) does not change;increases
D
Economics
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The aggregate supply curve cannot tell us
A) how the total dollar values of spending will ultimately be divided between output and prices. B) how changes in the price level affect quantity demanded of all commodities. C) what the effect of changes in interest rates will be on real GDP. D) anything about the quantity demanded of all commodities and the price level.
Economics
Real GDP is $700 billion, average hours worked per week is 42 and aggregate hours 150 billion hours. What is the economy's labor productivity?
A) $1.80 per hour B) $3.75 per hour C) $16.67 per hour D) $46.67 per hour E) $4.50 per hour
Economics