Which of the following is expected to increase aggregate demand in the short run?
a. Deficit budget
b. Surplus budget
c. Zero based budget
d. Balanced budget
a
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When the price of a normal good decreases, the ________ can be divided between the ________, which keeps the best affordable point on the same indifference curve and the ________, which moves the best affordable point farther away from the origin
A) substitution effect; price effect; income effect B) price effect; income effect; substitution effect C) income effect; substitution effect; price effect D) price effect; substitution effect; income effect
One of the primary reasons tax withholding was instituted was _____
a. help speed up payments to the government b. decrease the government's record-keeping burden c. to improve the ability to audit individuals d. so that top marginal tax rates could be tripled