Everything else equal, which will have a bigger effect on aggregate demand and gdp: a $100 million reduction in taxes, or a $100 million increase in government spending?

a. the increase in government spending, which must go through consumption to affect gdp, will have a bigger effect than the decrease in taxes, which affects gdp and income directly.
b. the increase in government spending, which has shorter lags, will have a bigger effect than the decrease in taxes, which must go through government lags.
c. the decrease in taxes, which affects gdp and income directly, will have a bigger effect than the increase in government spending, which must go through consumption to affect gdp.
d. the increase in government spending, which affects gdp and income directly, will have a bigger effect than the decrease in taxes, which must go through consumption to affect gdp.

Self-interest achieve society’s economic goals because producers know which goods consumers want the most. as consumers and producers exercise their freedom to act in their own self-interest, markets will produce the desired goods at the lowest possible cost. consumers and producers both operate based on society’s economic goals. consumers know which goods can be produced at the lowest cost. there is a wide variety of desired goods and services in a market system because producers determine what to produce. consumers change their minds frequently. there is always a need to produce something new and improved. individual wants are diverse. what is produced is ultimately determined by consumers, because if the goods offered are not what consumers want, consumers will not buy them. producers, because they are driven by profits. producers, because they determine what to produce. consumers, because they participate in marketing surveys.

In william rathje's garbology project that focused on household waste, front door interviews found 15 percent of respondents saying that they consumed beer. the trash discard from the same area showed what percentage of household's consuming beer

Joint cost cheyenne, inc. produces three products from a common input. the joint costs for a typical quarter follow: direct materials $45,000 direct labor 55,000 overhead 60,000 the revenues from each product are as follows: product a $75,000 product b 80,000 product c 30,000 management is considering processing product a beyond the split-off point, which would increase the sales value of product a to $116,000. however, to process product a further means that the company must rent some special equipment costing $17,500 per quarter. additional materials and labor also needed would cost $12,650 per quarter. a. what is the gross profit currently being earned by the three products for one quarter? $answer b. what is the effect on quarterly profits if the company decides to process product a further? $answer