The value-added tax is a(n)
a. direct tax.
b. indirect tax.
c. flat tax.
d. income tax.
b. indirect tax.
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A binding minimum wage creates a surplus of labor
a. True b. False Indicate whether the statement is true or false
Neither monetary policy nor any government policy can change the natural rate of unemployment
a. True b. False Indicate whether the statement is true or false
Which of the following taxes contributed the greatest percentage of total federal government tax revenues in recent years?
a. Individual income taxes b. Excise taxes c. Corporate income taxes d. Social Security taxes
The two parts of the Keynesian consumption function are consumption that depends on ________ and consumption that depends on ________.
A. planned spending; unplanned spending B. real income; nominal income C. money; wealth D. disposable income; factors other than disposable income