Tax paid on income from a rental property represents _____
a. a consumption tax
b. double taxation
c. progressive taxation
d. estate taxation
b
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The following graph depicts demand.
The slope of the demand curve (ignoring the negative sign) is:
A. 1. B. 2. C. 0.5. D. 1.5.
When comparing tax and spending policy by the government, in general we note that the tax policy multiplier effect relative to the spending multiplier should be:
A. larger. B. smaller. C. equivalent. D. not comparable.
The New York Federal Reserve Bank
A. president always gets to vote at the FOMC meetings. B. conducts open market transactions. C. is one of 12 regional Federal Reserve Banks. D. All of the above are correct.
If a firm with total revenue of $2 million continues to operate in the short run, we may conclude that its variable costs are __________.
Fill in the blank(s) with the appropriate word(s).