When there is an inflationary gap there is
A. too much spending and taxes should be raised.
B. too much spending and taxes should be lowered.
C. too little spending and taxes should be raised.
D. too little spending and taxes should be lowered.
A. too much spending and taxes should be raised.
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In the United States, taxpayers are allowed to exclude from taxation a certain amount of income, called
A) the personal income exclusion. B) the personal exemption. C) the income tax credit. D) the income allowance.
The wage rate found by the intersection of the market demand and supply curves for labor then determines the
A) firm's demand curve for labor. B) firm's supply curve for labor. C) labor's supply curve of labor. D) labor's demand curve for jobs.
An advantage of a corporation is that
a. owners have limited liability for debt. b. the business is subject to little government regulation. c. owners pay fewer taxes than owners of other forms of business. d. owners have direct and immediate control over daily management of the business.
A goldsmith with 200 gold coins in his safe who keeps writing more and more goldsmith's receipts is
A. raising his reserve ratio and raising the money supply. B. raising his reserve ratio and lowering the money supply. C. lowering his reserve ratio and raising the money supply. D. lowering his reserve ratio and lowering the money supply.