Part of the increase in currency holdings in the 1960s and 1970s can be attributed to
A) increases in income tax rates.
B) the switch from progressive to proportional income taxes.
C) the adoption of regressive taxes.
D) bracket creep due to inflation and progressive income taxes.
D
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This graph shows the marginal cost and marginal benefit associated with roadside litter clean up. Assume that the marginal benefit curve and marginal cost curve each have their usual slope. 
The socially optimal number of bags of litter removed from the roadside each day is:
A. 20. B. 15. C. 10. D. 30.
Ceteris paribus, in a closed economy, if consumers become more pessimistic ________
A) autonomous consumption will fall B) investment will fall C) saving will increase D) all of the above E) none of the above
A normative statement is generally based upon:
A. data that can be tested. B. a factual claim. C. subjective beliefs. D. scientific fact.
In the short run, with predetermined prices, when output is greater than planned aggregate expenditures:
A. potential output is greater than short-run equilibrium output. B. planned investment is greater than actual investment. C. potential output is less than short-run equilibrium output. D. planned investment is less than actual investment.