The largest expenditure component in the U.S. is investment expenditures
Indicate whether the statement is true or false
FALSE
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A reduction in the required reserve ratio has the instant effect of:
a. Increasing bank reserves. b. Increasing excess reserves. c. Increasing bank shareholders' equity. d. None of the above is correct. e. Increasing the monetary base.
Use the following formula to answer the indicated question: Welfare benefit = Maximum benefit - 0.7 [Wages - (Work expenses + Child care costs)] Based on the information given, the marginal tax rate is
A. Zero percent. B. 70 percent. C. 30 percent. D. 100 percent.
When one firm sells its pollution permit to another firm,
a. both firms benefit. b. the total amount of pollution remains the same. c. the total amount of pollution decreases. d. Both a and b are correct.
If federal tax rates increased, what would happen to the interest rate on municipal bonds?