Capital gains tax cuts inevitably benefit
A. low-income workers.
B. retired persons.
C. workers in large cities.
D. high-income stock owners.
Answer: D
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If the rate of growth in real GDP exceeds the rate of growth in the money supply, the quantity theory of money predicts a price deflation
Indicate whether the statement is true or false
Good A is a normal good. The demand curve for good A:
A) slopes downward. B) usually slopes downward, but could slope upward. C) slopes upward. D) usually slopes upward, but could slope downward.
Price controls involve the use of the power of the state to establish prices different from the ______ prices that would otherwise prevail.
a. demand b. supply c. indeterminate d. equilibrium
Bonds with the same tax status and ratings:
A. can have different yields due to different maturities. B. always have the same yield. C. will still have different yields depending on their face values. D. should sell for the same price.