On the vertical axis, the Phillips curve depicts the
a. the rate of unemployment.
b. rate of inflation.
c. rate of growth of nominal GDP.
d. rate of growth of real GDP.
b
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Elimination of the corporate income tax would ________ government saving and probably ________ private business saving
A) increase, increase B) increase, decrease C) decrease, increase D) decrease, decrease
One existing government program that works much like a negative income tax is the Earned Income Tax Credit
a. True b. False Indicate whether the statement is true or false
The strategy for the Stackelberg Leader is
A. to take account of the effect of its own behavior on the rival firm's quantity choice. B. collusion. C. to sell a marginally higher quantity of goods than the rival. D. to sell at a marginally lower price than the rival.
Which segment of the economy benefited least from the TARP bailout?
A. the very large banks. B. the homeowners. C. the insurance companies. D. financial services industry.