The largest single source of federal government revenue is the:
a. payroll tax
b. personal income tax.
c. corporate income tax.
d. excise tax.
b
Economics
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If the Fed wants to close a recessionary gap, should it buy or sell government securities? Why?
What will be an ideal response?
Economics
The securities, such as stocks or bonds, constitutes a(n) ________ for the borrowers and a (n) ________ for the saver
A) asset; liability B) asset; debt C) liability; asset D) debt or an asset; liability or an asset
Economics
"The price elasticity of demand for a particular good is smaller in the long run because consumers adapt to higher prices over time." Do you agree or disagree? Explain
What will be an ideal response?
Economics
Other things the same, technological progress raises the price level
a. True b. False Indicate whether the statement is true or false
Economics