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Author Question: Raising the tax rate lowers the tax-adjusted MPC. Indicate whether the statement is true or ... (Read 29 times)

Alainaaa8

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on: Jun 30, 2018
Raising the tax rate lowers the tax-adjusted MPC.
 
  Indicate whether the statement is true or false

Question 2

Suppose that the quantity of cars demanded exceeds the quantity of cars supplied. We would expect that
 
  A) the price of cars will increase.
  B) the price of cars will decrease.
  C) the supply will increase (supply will shift to the right) to meet the demand.
  D) the demand will decrease (demand will shift to the left) to meet the supply.
Macroeconomics: Principles, Applications and Tools ¦ O'Sullivan, Sheffrin, Perez ¦ 7th Edition
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aruss1303

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Reply #1 on: Jun 30, 2018
Answer to Question 1

TRUE

Answer to Question 2

A


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