Author Question: The degree to which _____ declines during a recession or increases during an expansion depends on ... (Read 97 times)

storky111

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The degree to which _____ declines during a recession or increases during an expansion depends on the amount by which the AD and/or AS curves shift.
 a. real GDP
  b. government tax revenue
  c. the money supply
  d. real interest rate
  e. the consumer price index

Question 2

A reduction in the rate at which stock dividends are taxed will lead to greater investment in the stock market. This is an example of:
 a. a positive economic statement.
 b. a negative economic statement.
  c. the fallacy of composition.
 d. a normative economic statement.



coreycathey

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Answer to Question 1

a

Answer to Question 2

a



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