Which of the following would be considered tax evasion?
a. deducting charitable contributions when figuring income taxes
b. claiming your young children as tax exemptions
c. claiming your dog as a dependent on your tax form
d. buying a house in order to deduct interest payments
e. overestimating your income subject to taxes
C
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Classical growth theory predicts that economic growth
A) is merely an illusion. B) will continue at the classical rate of 3 percent forever. C) occurs because of hard-working citizens. D) decreases the supply of labor. E) will eventually stop because of population growth.
If the Fed wants to decrease the money supply, it can:
A. Increase the money multiplier. B. Decrease the discount rate. C. Sell government bonds. D. Decrease the minimum reserve ratio.
When the Federal Reserve sells treasury securities in the open market,
A. The buyers of these securities pay for them with checks and bank reserves fall B. The buyers of such securities by new securities in the open market and there is a decrease in bank reserves C. The sellers of such securities deposit the funds in their banks and bank reserves decrease
Refer to the above figure. Which arrows represent items that are measured in dollar terms?
A. Arrows A and B B. Arrows C and D C. Arrows A and D D. Arrows B and C