The ________ the marginal tax rate, the ________ the expenditure multiplier
A) larger; more negative
B) smaller; smaller
C) larger; larger
D) smaller; larger
E) None of the above is correct, because the expenditure multiplier is not related to the marginal tax rate.
D
Economics
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For most products, purchases tend to fall with decreases in buyers' incomes. Such products are known as:
A. Inferior goods B. Direct goods C. Average goods D. Normal goods
Economics
All of the following contributed to the downfall of the Soviet Union in 1991 except
A) public dissatisfaction with low living standards and political repression. B) an inability to produce low-cost consumer goods that households wanted. C) lack of high-quality goods and services. D) lack of a strong dictator who could coordinate economic activities.
Economics