An increase in government purchases or a decrease in taxes, other things being equal, will tend to:
a. increase interest rates and decrease investment.
b. increase interest rates and increase investment.
c. decrease interest rates and decrease investment.
d. decrease interest rates and increase investment.
a
Economics
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What is the profit maximizing price?
A) 10 B) 20 C) 3 D) 40 E) none of the above
Economics
Which of the following statements regarding accounting and economic profits is FALSE?
A) Economic profits can be zero even if accounting profits are positive. B) Economic profits = total revenue - (explicit + implicit costs) C) Accounting profits can be negative if economic profits are positive. D) Accounting profits = total revenue - explicit costs
Economics