Which of the following has NOT been proposed as a possible economic solution to reducing the government deficit?
A) increasing taxes for everyone B) reducing expenditures
C) increasing the number of entitlements D) increasing taxes for the rich
C
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Classical economists tend to
A) support Say's law. B) see unemployment as a persistent economic problem. C) reject the equality of savings and investment. D) believe in Keynesian economics.
The seignorage for a government is greater for ________ than for ________
A) dollarization; a currency board B) dollarization; exchange-rate targeting C) dollarization; monetary targeting D) dollarization; inflation targeting E) exchange-rate targeting; dollarization
If a monopoly firm sells to competitive distributors, all of the following are true regarding the demand for the monopoly's product except which one?
A) It is the wholesale demand. B) It is a derived demand. C) It is the consumers' market demand. D) It is the distributors' demand.
At which interest rate is the present value of $260.10 two years from today equal to $250 today?
a. 2 percent b. 3 percent c. 4 percent d. 5 percent