A cut in the payroll tax will tend to cause, other things the same, ________
A) a change in aggregate demand, with no effect on supply
B) a change in both aggregate demand and supply
C) a change in aggregate supply, with no effect on demand
D) no change in either aggregate demand or supply
B
Economics
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Which of the following statements is true?
A) A curved line has slope values that change at every point. B) An inverse relationship has a positive slope value. C) A straight line has a slope of one. D) A direct relationship has a negative slope value.
Economics
Inflation is problematic if
a. it is less than the percentage increase in nominal income. b. it is less than the nominal return on saving. c. it equals the growth rate of real GDP in the long run. d. it distorts relative prices, causing a misallocation of resources.
Economics