The poverty line is
A. never raised or lowered.
B. raised or lowered every few years.
C. raised every year.
D. lowered every year.
C. raised every year.
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In late 2012, President Obama proposed raising the top income tax rate. All of the following are likely impacts of higher income tax rates on bonds EXCEPT:
A) higher interest rates on Treasury bonds B) lower interest rates on Municipal bonds C) increased demand for Municipal bonds D) lower prices for Municipal bonds
Economists
a. believe that tastes are the major influence on consumers' income expectations b. have observed that tastes vary with changes in the number of consumers c. recognize that tastes have an important impact on demand d. can say a great deal about the origin of tastes e. suspect that tastes can cause a movement along the demand curve
Suppose the economy is initially in the steady state. A reduction in the depreciation rate (?) will cause
A) an increase in K/N. B) an increase in Y/N. C) an increase in C/N. D) all of the above E) none of the above
If real income rises 5%, prices rise 3%, and nominal money demand rises 7%, what is the income elasticity of real money demand?
A. 4/5 B. 3/4 C. 5/6 D. 6/7