Exemptions are reductions of adjusted gross income that depend on
A. family size.
B. how money is spent (e.g. on state and local taxes or home mortgage interest).
C. how much money is saved.
D. family structure (i.e. filing status).
Answer: A
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The commercial banks in Fundland have
Reserves $500 million Loans $3,500 million Deposits $4,000 million Total assets $5,000 million The banks hold no excess reserves. a) Calculate the banks' desired reserve ratio. b) An immigrant arrives in Fundland with $10 million, which she deposits in a bank. How much does the immigrant's bank lend initially?
When the investment is graphed as a function of real GDP
A) it graphs as a vertical straight line. B) it graphs as a 45-degree line starting at the indicated level of investment. C) it graphs as a negatively sloped line indicating the inverse relationship between interest rates and investment. D) it graphs as a horizontal straight line at the level of investment.
In the 1990s, the Danish government passed laws tightening eligibility requirements for receiving unemployment benefits. What happened in Denmark as a result of this policy change?
a. The size of the labor force declined b. The unemployment rate decreased c. More teenagers entered the labor force d. The wage rate increased e. The natural rate of unemployment increased
In the prisoner's dilemma game:
A. if players can communicate in advance, they may still not cooperate. B. if players can communicate in advance, they will always cooperate. C. will only cooperate if they are trustworthy. D. will always choose to cooperate.