An open market __________ by the Fed increases the money supply; a(n) __________ in the required reserve ratio increases the money supply
A) sale; decrease
B) purchase; increase
C) sale; increase
D) purchase; decrease
D
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Use the idea of interpersonal comparisons of utility to argue for a progressive income tax system where people in higher income brackets are charged higher tax rates on their extra income
The notion that similar taxpayers should pay similar amounts of taxes is known as
a. vertical equity. b. the benefits principle. c. horizontal equity. d. taxpayer efficiency.
A Chief Financial Officer (CFO) in an international company would most likely be responsible for all of the following activities EXCEPT ________.
A) managing short-term capital needs B) making financial decisions C) making investment decisions D) managing employee repatriation
Figure 33-7
?
In Figure 33-7, the only sustainable long-run equilibrium position is at point
A. A. B. B. C. C. D. D.