Which of the following is the largest source of revenue for the federal government?
a. corporate income tax
b. payroll tax
c. personal income tax
d. user charges
c
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Which of the following is NOT a reason the Fed changes the rate of growth of the money supply?
A) to influence the amount of consumption B) to influence the amount of investment C) to shift the demand for money curve D) to influence aggregate demand
The supply curve of U.S. dollars is drawn assuming other things constant, such as
a. income in the rest of the world b. expectations about the rate of inflation in the United States relative to the rest of the world c. U.S. tastes and preferences for foreign goods d. the interest rate in the United States relative to the rest of the world e. tastes and preferences of the rest of the world for U.S. goods and services
A monopoly can charge any price it wishes, and chooses the
a. highest price b. price equal to marginal cost c. price associated with the output level where MC = MR d. competitive price to keep out potential entrants e. price associated with greatest efficiency
Potential GDP would decrease if
A. technical progress improves. B. capital stock increases. C. the number of hours worked increases. D. Congress passes a 32-hour work week.