Author Question: The Reagan tax cut of 1981 was an attempt to: a. stimulate aggregate supply. b. stimulate aggregate ... (Read 110 times)

futuristic

  • Hero Member
  • *****
  • Posts: 638
The Reagan tax cut of 1981 was an attempt to:
 a. stimulate aggregate supply.
 b. stimulate aggregate demand.
 c. stabilize the value of the U.S. dollar.
  d. increase demand for U.S. exports.
 e. reduce the federal budget deficit.

Question 2

What are the characteristics of monopolistic competition?



stanleka1

  • Sr. Member
  • ****
  • Posts: 325
Answer to Question 1

a

Answer to Question 2

Monopolistic competition is characterized by a large number of sellers selling a differentiated product. There are relatively weak barriers to entry and firms compete aggressively on a nonprice basis.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question


 

Did you know?

People often find it difficult to accept the idea that bacteria can be beneficial and improve health. Lactic acid bacteria are good, and when eaten, these bacteria improve health and increase longevity. These bacteria included in foods such as yogurt.

Did you know?

In the ancient and medieval periods, dysentery killed about ? of all babies before they reach 12 months of age. The disease was transferred through contaminated drinking water, because there was no way to adequately dispose of sewage, which contaminated the water.

Did you know?

Children of people with alcoholism are more inclined to drink alcohol or use hard drugs. In fact, they are 400 times more likely to use hard drugs than those who do not have a family history of alcohol addiction.

Did you know?

More than 2,500 barbiturates have been synthesized. At the height of their popularity, about 50 were marketed for human use.

Did you know?

Famous people who died from poisoning or drug overdose include, Adolf Hitler, Socrates, Juan Ponce de Leon, Marilyn Monroe, Judy Garland, and John Belushi.

For a complete list of videos, visit our video library