A decrease in net taxation increases aggregate demand.
Answer the following statement true (T) or false (F)
True
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Most economists think changes in which type of unemployment affects inflation?
A) frictional unemployment B) cyclical unemployment C) structural unemployment D) natural rate of unemployment
Alfonse is a farmer who grows 20,000 bushels of corn each year. Last year, the market price was $3 per bushel. If Alfonse earned $80,000 . the government's target price per bushel must have been
a. $60,000 b. $20,000 c. $4,000 d. $4 e. $1
Goals of efficiency and equity in tax policy are
a. complementary in most countries. b. necessary for application of the ability-to-pay principle. c. often in conflict with each other. d. easier to achieve when tax codes are complex.
Rather than always choosing the best course of action, humans make decisions that are merely good enough. In other words, they are