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Ceteris paribus, a reduction in personal and business taxes can be expected to: Question 19 options: increase aggregate demand and decrease aggregate supply increase both
Ceteris paribus, a reduction in personal and business taxes can be expected to: Question 19 options: increase aggregate demand and decrease aggregate supply increase both aggregate demand and aggregate supply decrease both aggregate demand and aggregate supply decrease aggregate demand and increase aggregate supply increase aggregate supply but keep aggregate demand constantSuppose that an economy is employing 2 units of capital, 5 units of raw materials, and 8 units of labour to produce its total output of 640 units. Each unit of capital costs $10, each unit of raw materials costs $4, and each unit of labour costs $3. The per-unit cost of production in this economy is: Question 20 options: $0.05 $0.10 $0.50 $1.00 $10.00
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