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Author Question: In the short-run, a tax increase A) shifts the DD curve to the right, increases output and ... (Read 93 times)

captainjonesify

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on: Jun 30, 2018
In the short-run, a tax increase
 
  A) shifts the DD curve to the right, increases output and appreciates the currency.
  B) shifts the AA curve to the left, increases output and depreciates the currency.
  C) shifts the AA curve to the left, decreases output and depreciates the currency.
  D) shifts the AA curve to the left, increases output and appreciates the currency.
  E) shifts the DD curve to the left, decreases output and depreciates the currency.

Question 2

Which of the following statements is TRUE?
 
  A) Bank failures inflict serious financial harm on individual depositors.
  B) Bank failures do not inflict serious financial harm on individual depositors.
  C) Bank failures inflict not only serious financial harm on individual depositors, but also harm the macroeconomic stability of the economy.
  D) Bank failures inflict serious financial harm on individual depositors, but fortunately do not harm the macroeconomic stability of the economy.
  E) Bank failures only inflict serious financial harm on the macroeconomic stability of the economy.


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jjorrostieta

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

E

Answer to Question 2

C


captainjonesify

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Reply #2 on: Jun 30, 2018
Thank you :)


jjorrostieta

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Reply #3 on: Jun 30, 2018
Happy to help you


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