As a percentage of total federal revenue, excise taxes have _____
a. risen slightly since 1960
b. remained constant since 1960
c. risen considerably since 1960
d. fallen since 1960
d
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Assuming full employment, if the private sector saves 8 percent of its income and the government raises taxes by $500 to finance public investments, total investment will increase by $460
Indicate whether the statement is true or false
Consider the following scenario. Assume the price of gold in London is selling for $1400 an ounce while in New York it is fetching a price of $1450 an ounce
What would an economist say about the efficiency of this market? What would an economist predict about what would happen next?
The supply of and demand for bank reserves determines the
A) Treasury bill rate. B) prime rate. C) discount rate. D) federal funds rate.
The primary concern of the 1964 tax reform was _____
a. fiscal stabilization b. macroeconomic policy c. equity considerations d. efficiency considerations