An excess burden is present when taxpayers alter their behavior on account of taxation
a. True
b. False
Indicate whether the statement is true or false
True
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The equilibrium quantity in the above figure is
A) 200 units. B) 300 units. C) 400 units. D) 600 units.
In 2015, some banks in Europe had to make interest payments to borrowers rather than receive interest payments from borrowers. Which of the following statements describes this situation?
A) For these banks, the loans increased required reserves. B) For these banks, the loans were liabilities instead of assets. C) These banks were receiving negative nominal interest rates on these loans. D) All of the above are correct.
The IS curve has a positive slope because a(n) __________ in the interest rate leads to a(n) __________ in desired investment and this leads to an increase in GDP
A) increase; increase B) increase; decrease C) decrease; increase D) decrease; decrease
Income mobility
a. is a term used to characterize the ease of establishing residence or a business in a new area of the country. b. has increased in recent years because of reductions in transportation cost. c. is the term used to describe the movements up and down the economic ladder. d. is present only when the general level of prices is rising.