This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: If taxes are increased, the AD curve A) is not affected because a change in taxes is a nominal ... (Read 114 times)

nmorano1

  • Hero Member
  • *****
  • Posts: 598
on: Jun 29, 2018
If taxes are increased, the AD curve
 
  A) is not affected because a change in taxes is a nominal change not real change.
  B) shifts rightward and aggregate demand decreases.
  C) shifts leftward and aggregate demand decreases.
  D) does not shift but there is a movement down along the curve.

Question 2

The figure above shows the demand for fruit snacks. Which movement reflects an increase in income if fruit snacks are an inferior good?
 
  A) from point a to point e
  B) from point a to point b
  C) from point a to point c
  D) from point a to point d


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

voltaire123

  • Sr. Member
  • ****
  • Posts: 301
Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

C


nmorano1

  • Member
  • Posts: 598
Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

nathang24

  • Member
  • Posts: 314
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

The first successful kidney transplant was performed in 1954 and occurred in Boston. A kidney from an identical twin was transplanted into his dying brother's body and was not rejected because it did not appear foreign to his body.

Did you know?

Prostaglandins were first isolated from human semen in Sweden in the 1930s. They were so named because the researcher thought that they came from the prostate gland. In fact, prostaglandins exist and are synthesized in almost every cell of the body.

Did you know?

According to the FDA, adverse drug events harmed or killed approximately 1,200,000 people in the United States in the year 2015.

Did you know?

According to the American College of Allergy, Asthma & Immunology, more than 50 million Americans have some kind of food allergy. Food allergies affect between 4 and 6% of children, and 4% of adults, according to the CDC. The most common food allergies include shellfish, peanuts, walnuts, fish, eggs, milk, and soy.

Did you know?

If all the neurons in the human body were lined up, they would stretch more than 600 miles.

Evolutionary change in the tetrapod lineage, showing a transitional form. Evolutionary change in the tetrapod lineage, showing a transitional form.
Deforestation and increased road-building in the Amazon Rainforest are a significant concern because Deforestation and increased road-building in the Amazon Rainforest are a significant concern because
A typical ECT sensor temperature versus voltage curve. A typical ECT sensor temperature versus voltage curve.
Change in air temperature at various air flow rates for a 4 pass operation Change in air temperature at various air flow rates for a 4 pass operation
Change in Annual Precipitation Over Land, 1901-2010 Change in Annual Precipitation Over Land, 1901-2010
The karyotype of an XYY male. Affected individuals are usually taller than normal, and some, but not The karyotype of an XYY male. Affected individuals are usually taller than normal, and some, but not
Video: Premenstrual Syndrome

For a complete list of videos, visit our video library