Which of the following is an example of an ordinary private good?
A) Furniture
B) The Internet
C) Water
D) Cable TV
A
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If a German firm owns a U.S.-based firm that is domiciled in the U.S., the combined firm is subject to the corporate tax laws in ________ and income tax laws in ________.
A) Germany; Germany B) Germany; U.S. C) U.S.; Germany D) U.S.; U.S.
A decrease in net taxes during a recession increases aggregate demand and helps the economy return to its potential output level
a. True b. False Indicate whether the statement is true or false
In the long run, increased consumption spending raises only the price level
a. True b. False Indicate whether the statement is true or false
According to the Phillips curve, unemployment and inflation are positively related in
a. the short run and in the long run. b. the short run, but not in the long run. c. the long run, but not in the short run. d. neither the long run nor the short run.