Which of the following does not help explain the direction the quantity of aggregate goods demanded changes when the price level decreases?
a. consumer wealth rises
b. borrowing rises
c. each dollar is worth more domestic goods
d. the dollar appreciates relative to other currencies
d
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Which of the following countries hold the most U.S. Treasury securities?
a. Japan and China b. Taiwan and Brazil c. United Kingdom d. Belgium e. Switzerland
One way fiscal policy affects aggregate demand is:
A. directly through government spending. B. directly through tariffs. C. directly through taxation. D. All of these are true.
Suppose the government imposes a tax of 10 percent on the first $40,000 of income and 20 percent on all income above $40,000 . What are the tax liability and the marginal tax rate for a person whose income is $30,000?
a. both are 10 percent b. 10 percent and $2,000 . respectively c. $3,000 and 10 percent, respectively d. $3,000 and 20 percent, respectively
Since World War II, about ______ out of every ten family farms have disappeared.
A. one B. three C. five D. seven