Author Question: The Reagan tax cut of 1981 was an attempt to: a. stimulate aggregate supply. b. stimulate aggregate ... (Read 88 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?

As many as 28% of hospitalized patients requiring mechanical ventilators to help them breathe (for more than 48 hours) will develop ventilator-associated pneumonia. Current therapy involves intravenous antibiotics, but new antibiotics that can be inhaled (and more directly treat the infection) are being developed.

Did you know?

Hypertension is a silent killer because it is deadly and has no significant early symptoms. The danger from hypertension is the extra load on the heart, which can lead to hypertensive heart disease and kidney damage. This occurs without any major symptoms until the high blood pressure becomes extreme. Regular blood pressure checks are an important method of catching hypertension before it can kill you.

Did you know?

The immune system needs 9.5 hours of sleep in total darkness to recharge completely.

Did you know?

Stroke kills people from all ethnic backgrounds, but the people at highest risk for fatal strokes are: black men, black women, Asian men, white men, and white women.

Did you know?

In 1886, William Bates reported on the discovery of a substance produced by the adrenal gland that turned out to be epinephrine (adrenaline). In 1904, this drug was first artificially synthesized by Friedrich Stolz.

For a complete list of videos, visit our video library