There are circumstances under which the corporation tax is equivalent to an economic profits tax.
A. True
B. False
C. Uncertain
A. True
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Braden says that $400 saved for one year at 4 percent interest has a smaller future value than $400 saved for two years at 2 percent interest. Lefty says that the present value of $400 to be received one year from today if the interest rate is 4 percent exceeds the present value of $400 to be received two years from today if the interest rate is 2 percent
a. Braden and Lefty are both correct. b. Braden and Lefty are both incorrect. c. Only Braden is correct. d. Only Lefty is correct.
If there is 100 percent reserve banking, the money supply is unaffected by the proportion of the dollars that the public chooses to hold as currency versus deposits.
Answer the following statement true (T) or false (F)
If there are no unintended changes in inventories, the economy is at its equilibrium level of real gross domestic product (GDP) demanded
a. true b. false
A discouraged worker is one who
A. is unhappy with his job. B. quits his job to attend college. C. leaves the labor force after an unsuccessful job search. D. None of the choices are true of a discouraged worker.