Since the end of World War II, corporate income taxes have accounted for
a. an increasing share of federal revenue.
b. a steady share of federal revenue.
c. a declining share of federal revenue.
d. a rising share of revenue until 1980, and then a falling share.
c
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Which of the following is NOT an effect from a change in the federal funds rate?
A) change in the real interest rate B) change in investment C) change in government expenditures D) change in aggregate demand E) change in the quantity of money
If corn and soybean are alternative crops grown by most farmers, an increase in the price of corn, other things constant, is likely to:
a. increase the supply of corn. b. ?increase the supply of soybeans. ? c. decrease the supply of soybeans. ? d. decrease the supply of corn. ? e. decrease the demand for soybeans.
There is currently a resurgence in Keynesian macroeconomics, based on the assumptions of market ________ and ________ expectations
A) non-clearing, adaptive B) non-clearing, rational C) clearing, adaptive D) clearing, rational
According to the efficient markets theory of stock prices, some investors outperform the market because
a. they are especially skilled at analyzing stock price trends b. in any large group of investors, there will probably be some unusually lucky ones c. they are most likely the beneficiaries of insider trading d. they have better information about firms' technologies and production costs e. they have a superior ability to predict consumer behavior