According to recent research, the gas tax in the United States is lower than the optimal level
a. True
b. False
Indicate whether the statement is true or false
True
You might also like to view...
An economy in long-run equilibrium experiences an increase in aggregate demand. According to the classical model,
A) the price level will increase, but real GDP will not change. B) the price level and real GDP will increase at the same time. C) the price level will increase, but real GDP will decrease. D) the price level will rise first, then real GDP will increase.
A buyer is willing to buy 10 units of a good at a maximum price of $10 per unit. The reservation value of the buyer in this case is:
A) $1. B) $10. C) $20. D) $100.
The growth rate of real GDP per capita in Mexico was negative in which of the following time periods?
A) 1980-1989 B) 1990-1999 C) 2000-2014 D) all of the above
In the U.S., the organization that is responsible for monetary policy is
a. the Congress. b. the President. c. the Federal Reserve. d. a cartel of private banks. e. the Supre