One factor which brought on the recession of 2007-2009 was the end of the housing bubble
Indicate whether the statement is true or false
TRUE
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Refer to Scenario 5 . Calculate the price elasticity of demand for DVD players. Is demand for players elastic, inelastic, or unitary?
What will be an ideal response?
Foreign exchange activity is dominated by the spot and swaps markets
Indicate whether the statement is true or false
Answer the following statements true (T) or false (F)
1. The tax base is the percentage at which the tax is levied. 2. A sales tax is sometimes said to be regressive because the rate at which it is assessed declines as more and more taxable items are purchased. 3. The sales tax is proportional with respect to the tax base of the amount of purchases. 4. Automobile license fees and gasoline taxes are based on the benefit-received theory of taxation. 5. An excise tax can be shifted relatively easily.
The Obama administration and Congress passed an $830 billion expansionary policy in early 2009 involving both tax cuts and increases in government spending, according to the Congressional Budget Office. Which of the following actions offset the federal expansionary policy?
a. reduced spending by consumers b. increased state sales and property taxes c. reduced spending by state and local governments d. increased interest rates