Excise tax is usually administered in association with______.
a. investments
b. income
c. death
d. sales
d. sales
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The Fed decreases the quantity of money to counteract
A) positive net exports. B) a federal budget deficit. C) a rise in the unemployment rate. D) a recessionary ga
The Beveridge curve is
A) a positive relationship between unemployment and the inflation rate. B) a positive relationship between the government deficit and aggregate output. C) a negative relationship between the vacancy rate and the unemployment rate. D) a positive relationship between the inflation rate and the nominal interest rate.
The U.S. economy during the 2001-2004 period was been characterized by all of the following except
a. expansionary fiscal policy. b. expansionary monetary policy. c. a jobless recovery. d. moderate economic growth. e. none of the above
The modern view of the Phillips curve suggests that
a. when inflation is less than anticipated, unemployment will rise above the natural rate. b. monetary policy will be unable to affect inflation. c. when people accurately anticipate inflation, expansionary monetary policy will reduce unemployment. d. when inflation exceeds what was anticipated, the natural rate of unemployment will rise.