The Bush tax cuts of 2001-2010 contained incentives for
A. Savings only.
B. Work, education, and savings.
C. Education and savings only.
D. Work only.
Answer: B
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If the U.S. interest rate differential rises, then the effect in the foreign exchange market on the demand for dollars is that the
A) demand for dollars decreases. B) quantity of dollars demanded decreases. C) quantity of dollars demanded increases. D) demand for dollars increases. E) demand for dollars does not change and the quantity of dollars demanded also does not change.
Classical economists and modern monetarists agree that the best way to examine the economy is through the use of
A) aggregate supply and demand. B) the multiplier. C) the quantity theory. D) the GNP account.
Holding all other factors constant, consumers demand more of a good the
A) higher its price. B) lower its price. C) steeper the downward slope of the demand curve. D) steeper the upward slope of the demand curve.
Which of the following is an example of a less-than-highly-organized market?
a. the market for U.S. Treasury bonds b. the market for corn c. the market for soybeans d. the market for ice cream