A permanent tax cut would likely ________ consumption spending ________ than would a tax rebate like the one issued in 2008
A) decrease; more B) increase; less C) increase; more D) decrease; less
C
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A congested street is ________ in consumption
A) excludable and rival B) non-excludable but rival C) excludable but non-rival D) non-excludable and non-rival
Firms use incentives to pursue their most fundamental goal, which is to maximize
A) profits. B) sales revenue. C) worker satisfaction. D) worker pay.
When the Fed buys U.S. government securities from a member bank, _____
a. there is a decrease in its assets b. there is an increase in its assets c. there is a decrease in its liabilities d. there is an increase in its liabilities e. its total assets and liabilities remain unchanged
Suppose the official gold value of the Brazilian real changes from 527 reals per ounce to 508 reals per ounce. We can then say that:
a. the Brazilian real has depreciated in value as a consequence of free market fluctuations. b. the Brazilian real has appreciated in value. c. gold is now more expensive to purchase in Brazil than it was before. d. the Brazilian real has been devalued. e. the Brazilian economy is expected to experience rapid inflation.