The effect of a change in net taxes on the quantity of real GDP demanded equals the resulting shift in the consumption function times _____
a. the marginal propensity to consume
b. the marginal propensity to save
c. the autonomous net tax multiplier
d. the simple spending multiplier
e. the marginal tax rate
d
Economics
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Use the Great Recession of 2007–2009 to describe the paradox of thrift.
What will be an ideal response?
Economics
An increase in the price of labor (a variable resource) shifts
A) all cost curves upward.
B) the variable cost curves upward but leaves the fixed cost curves unchanged.
C) the fixed cost curves upward but leaves the variable cost curves unchanged.
D) the marginal cost curve rightward.
E) none of the cost curves.
Economics