The 1990 deficit reduction legislation
A. contained no new taxes.
B. increased excise tax rates.
C. increased the personal income tax rates by 10%.
D. contained no reductions in non-defense spending.
B. increased excise tax rates.
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Entry into an oligopoly is
a. possible for anyone b. time consuming c. relatively easy d. impossible e. relatively difficult
A monopolistically competitive market is characterized by barriers to entry
a. True b. False Indicate whether the statement is true or false
The balance of payments is
A. the value of merchandise goods bought and sold in the world market. B. the value of goods and services bought and sold in the world market. C. a summary record of a country's economic transactions with foreign residents and governments. D. a summary record of a country's purchases and sales of goods and services in the world market.
The U.S. economy was able to achieve full employment with relative price level stability between 1996 and 2000 because aggregate ________.
A. demand increased B. demand increased and aggregate supply increased C. supply decreased D. demand decreased and aggregate supply increased