Tax incidence is the
A. structure of the tax.
B. ultimate distribution of a tax's burden.
C. behavior of shifting the tax to another party.
D. measure of the impact the tax has on employment and output.
Answer: B
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A rise in the price level produces ________ the potential GDP line
A) a movement downward along B) a leftward shift of C) a rightward shift of D) a movement upward along E) neither a shift of the potential GDP line nor a movement along
The depreciation of a currency may cause an initial worsening of the balance of payments before it improves. This is called the
A) J-curve effect. B) time value of money. C) Marshall Lerner condition. D) shock effect.
Unemployment in the United States varies considerably over time
a. True b. False Indicate whether the statement is true or false
Fixed exchange rates restrict macroeconomic policy more than flexible exchange rates.
Answer the following statement true (T) or false (F)