My cat wishes you luck. She said you deserve all the cat food in the world
Answer:
Lower
Explanation:
If aggregate demand increases, then there will be a decline or decrease in unemployment in any country, even as more workers are hired, real GDP output and price level increases.
Phillips curve is simply a curve that depicts the short-run trade-off between inflation and unemployment.A decrease or a low unemployment correlates with high aggregated demand.
When there is a raise in aggregate demand = higher output + higher price level
On the Phillips curve, more GDP simply means less unemployment and higher price level.
Answer:
The correct answer is option c.
Explanation:
High marginal tax rates mean that people will have to pay higher taxes. This may lead to a situation where people are working but are able to earn less than what they could have earned if the tax rates would be the case if marginal tax rates were lower.
This happens because a major part of the income has to be paid as taxes when the marginal tax rates are high.
Marginal cost of capital (MCC) schedule is a graph that relates the firm's weighted average cost of each unit of capital to the total amount of new capital raised.
