A decrease in net taxes:
a. raises aggregate expenditure by raising disposable income, thereby increasing consumption.
b. raises aggregate expenditure by raising disposable income, thereby decreasing consumption.
c. lowers aggregate expenditure by lowering disposable income, thereby decreasing consumption.
d. lowers aggregate expenditure by lowering disposable income, consumption remaining constant.
e. has no effect on aggregate expenditure.
Question 2
A firm's marginal product curve slopes downward throughout its length.
a. True
b. False
Indicate whether the statement is true or false
Worldwide Variations in Population and Income Levels Developed countries represent only 18% of the
Worldwide Variations in Population and Income Levels
Decrease in Fertility, 1800–1900
Sources of income for U.S. population aged 65 and over.
Distribution of the Income of Americans
Income Inequality in the United States: 1947–2009