Features of "Reagonomics" include all of the following except:
a. reduction in marginal tax rates.
b. increased government expenditures for defense.
c. deregulation of business.
d. regular increases in the minimum wage.
d. regular increases in the minimum wage.
You might also like to view...
After the price of milk increases, David buys more eggs and less cereal. For David
A) milk, eggs, and cereal are all complements. B) milk and eggs are complements, and milk and cereal are substitutes. C) milk and eggs are substitutes, and milk and cereal are complements. D) milk, eggs, and cereal are all substitutes.
Taxes on capital gains and interest decline as inflation rates increase
a. True b. False Indicate whether the statement is true or false
Deadweight losses represent the
a. inefficiency that taxes create. b. shift in benefit from producers to consumers. c. part of consumer and producer surplus that is now revenue to the government. d. increase in revenue to the government.
If the demand and supply curves for product X are stable, a government-mandated increase in the price of X will:
A. increase the supply of X and decrease the demand for X. B. increase the demand for X and decrease the supply of X. C. increase the quantity supplied of X and decrease the quantity demanded of X. D. decrease the quantity supplied of X and increase the quantity demanded of X.