As a result of an increase in the personal income tax rate, consumers are likely to:
A. spend less.
B. spend more.
C. save more.
D. earn more money.
Answer: A
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When a person bases her future expectations for the economy on all available current data and her own judgment about future policy effects, this is known as
A) the policy irrelevance proposition. B) rational expectations. C) irrational expectations. D) the new classical theory.
The graph shown portrays a subsidy to buyers. Before the subsidy is put in place, the producers sold _____ units and received _____ for each of them.
A. 100; $46
B. 100; $30
C. 150; $40
D. 150; $24
Which of the following is the most liquid asset?
a. A classic art painting. b. A commercial building. c. A savings bond d. A checking account balance e. Gold
In April? 2017, which of the following demographic groups had a higher rate of unemployment than the unemployment rate for the total? population?
What will be an ideal response?