Sales taxes are generally progressive.
A. True
B. False
C. Uncertain
B. False
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The move to an international gold standard between 1896 and World War I:
a. encouraged the free flow of goods and capital between countries. b. was accompanied by moderate increases in prices. c. required a higher use of resources than would have been the case under a paper standard. d. made it difficult to exercise expansionary monetary policy. e. All of the above.
The rule of reason refers to the interpretation of the courts that dominant firms should be broken up because of their:
a. market share dominance. b. illegal business practices. c. monopolistic behavior. d. All of these.
When Smartville's personal computer assembly plant closed, 30% of the community's labor force was laid off. Following this event Joe's New Car Dealership (NCD, Inc) complained because the __________ new cars __________
a. quantity supplied of; fell b. supply of; increased c. quantity demanded of; fell d. demand for; fell e. demand for; was unchanged
Which of the following is correct?
a. Policy lags are normally much shorter for fiscal policy than for monetary policy. b. Congress usually makes major fiscal policy changes in a fairly short period of time. c. Expenditure lags are much longer for investment, the main way in which monetary policy affects aggregate demand. d. Monetary policy affects aggregate demand more quickly than fiscal policy, such as tax or government spending changes.