Which of these Presidents increased top marginal income tax rates during his term in his office?
a. franklin d. roosevelt
b. john f. kennedy
c. ronal reagan
d. george w. bush
Ans: a. franklin d. roosevelt
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At the current level of production, if the firm's MR>MC, then the firm should
a. produce more b. the company is maximizing profit at this output c. producing less d. None of the above
The model of aggregate demand and aggregate supply explains the relationship between
a. the price and quantity of a particular good. b. unemployment and output. c. wages and employment. d. real GDP and the price level.
Table 9.1Disposable IncomeTotal Consumption(Billions of dollars per year)(Billions of dollars per year)$0$50200210Which of the following represents the consumption function consistent with the data in Table 9.1?
A. C = $160 billion + 0.91YD. B. C = $50 billion + 0.80YD. C. C = $50 billion + 0.76YD. D. C = $160 billion + 0.80YD.
In the 1980s and most of the 1990s, the U.S. government budget balance was ________ and the U.S. current account balance was ________.
A. negative; positive B. negative; negative C. positive; positive D. positive; negative