Using the Keynesian model, the effect of a decrease in the effective tax rate on capital would be to cause ________ in the real interest rate and ________ in output in the long run
A) an increase; no change
B) a decrease; no change
C) an increase; an increase
D) no change; a decrease
A
Economics
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A monopoly's marginal revenue is equal to the market price of its product
Indicate whether the statement is true or false
Economics
The number of firms in a monopolistically competitive industry means that
A) firms will collude. B) existing firms in the industry will make sure new firms do not enter. C) firms will not cooperate to set a pure monopoly price. D) firms will try to set a common price.
Economics