People on welfare often face the highest marginal tax rates of anyone because ______
a. of our regressive income tax system
b. of the non-deducibility of state sales taxes
c. of the loss of entitlement payments when earning additional income
d. of increasing marginal utility of income
c
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In which case would the quantity of money demanded by the public tend to increase by the greatest amount?
A. The interest rate decreases and nominal GDP increases. B. The interest rate decreases and nominal GDP decreases. C. The interest rate increases and nominal GDP decreases. D. The interest rate increases and nominal GDP increases.
All else equal, an increase in the price of complementary products for the Apple Watch, such as Sensoria's wearable technology, would
A) shift the demand curve for the Apple Watch to the left. B) shift the supply curve for the Apple Watch to the left. C) shift the demand curve for the Apple Watch to the right. D) shift the supply curve for the Apple Watch to the right.
A decline in the exchange rate could have been caused by which of these factors?
A) A decline in domestic output (income) B) An increase in the domestic real interest rate C) A decline in the world demand for domestic goods D) An increase in foreign output (income)
The Federal Reserve was originally created to
a. stabilize exchange rates b. keep the unemployment rate at 0% c. create jobs d. issue bonds e. create and regulate the U.S. money supply