Of the $840 billion American Recovery and Reinvestment Act stimulus package which was enacted in 2009, the largest tax cuts occurred in which category?
A) infrastructure tax cuts B) business tax cuts
C) individual tax cuts D) energy tax cuts
C
You might also like to view...
The figure above shows the marginal social cost curve of generating electricity, the marginal private cost curve, and the demand curve
If the government imposes a pollution tax to achieve the efficient level of production, the tax equals ________ per kilowatt hour. A) 0¢ B) 7.5¢ C) 10¢ D) 15¢ E) 2.5¢
A trend that has been reinforced by many developing countries is privatization. Privatization refers to
A) purchasing large companies and turning them into state-owned enterprises. B) investing government money in large, privately-owned companies. C) exchanging bonds for shares in state-owned enterprises. D) selling large state-owned enterprises to private owners in the financial sector. E) selling large state-owned enterprises to private owners in key areas such as electricity, telecommunications, or petroleum.
Using Figure 1 above, if the aggregate demand curve shifts from AD2 to AD3 the result in the long run would be:
A. P2 and Y2. B. P1 and Y2. C. P4 and Y2. D. P1 and Y1.
When deflation exists,
a. the real interest rate is less than the nominal interest rate. b. the real interest rate is greater than the nominal interest rate. c. the real interest rate and inflation are less than the nominal interest rate. d. prices rise.