An increase in income taxes was part of President George W. Bush's plan in 2001 and 2008 to increase aggregate demand
a. True
b. False
Indicate whether the statement is true or false
False
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What kind of investment instrument is an IRA, and when is the income earned from an IRA taxed?
What will be an ideal response?
Which of the following statements is correct?
A) A firm in oligopoly will charge a price that is lower than the price charged in perfect competition. B) If firms in oligopoly look only at their own self-interest in deciding the output they should produce, the total market output will exceed that of a monopoly. C) If one oligopolist reduces the price of its product, its demand curve shifts leftward. D) Because many producers join to form a cartel, the market becomes monopolistic competition. E) It is in the self-interest of each firm in an oligopoly to take the actions that maximize all the firms' joint profit.
Assume that the labor market is perfectly competitive. An increase in the productivity of labor
A) causes the marginal factor cost of labor to decrease. B) generates a lower wage rate. C) causes an increase in the demand for labor. D) causes a reduction in the demand for labor since each worker is now more productive.
The growth rate of average annual earnings in the United States from 1973 to 1995 was:
A. roughly equal to zero. B. higher than it was from 1960 to 1973. C. the same as it was from 1960 to 1973. D. lower than it was from 1960 to 1973.