Historically, the AMT has always affected a significant number of taxpayers
a. True b. False
b
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Assuming no change in the effective tax rate on capital, a decrease in the government budget deficit will reduce the current account deficit if and only if the decrease in the budget deficit
A) reduces desired national saving. B) increases desired national saving. C) reduces desired national investment. D) increases desired national investment.
If you deposit $300 in your bank and the required reserve ratio is 10%, your bank will have
A) an increase in required reserves of $300. B) an increase in required reserves of $270. C) an increase in required reserves of $3000. D) an increase in required reserves of $30 and an increase in excess reserves of $270.
An economy that is operating below its full-employment capacity is experiencing:
a. Say's Law. b. unrealizable inflationary expectations. c. Keynesian aggregate demand. d. an inflationary gap. e. a recessionary gap.
Refer to the information provided in Figure 5.4 below to answer the question(s) that follow.
Figure 5.4Refer to Figure 5.4. The demand for milkshakes is unit elastic at Point C. If the milkshake price falls from P1 to P2, total revenue will
A. decrease. B. remain constant. C. either increase or decrease. D. increase.