Nearly 80 percent of the federal government receipts come from
a. individual and corporate income taxes.
b. individual income taxes and social insurance revenues.
c. corporate income taxes and excise taxes.
d. individual income taxes and excise taxes.
b. individual income taxes and social insurance revenues.
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The Bureau of Labor Statistics does not count discouraged workers as unemployed. Suppose discouraged workers were counted as unemployed. Explain how the unemployment rate and the labor force participation rate would change
What will be an ideal response?
In the aggregate demand-aggregate supply model in the short run, an increase in the money supply will lead to a(n): a. increase in both the price level and real GDP
b. decrease in both the price level and real GDP. c. increase in real GDP and a decrease in the price level. d. decrease in real GDP and an increase in the price level. e. increase in the price level only.
In order to simplify a complex situation, economic models often treat constraints as unalterable
Indicate whether the statement is true or false
Which of the following would not be an example of an oligopolistic industry?
a. light bulbs b. convenience stores c. aircraft d. breweries