Since half of the FICA tax is paid by firms and the other half is paid by workers, the burden of the tax must fall equally on firms and workers
a. True
b. False
Indicate whether the statement is true or false
False
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Which of the following is the most accurate statement about nominal and real interest rates?
a. Nominal and real interest rates always move together. b. Nominal and real interest rates never move together. c. Nominal and real interest rates often do not move together. d. Nominal and real interest rates always move in opposite directions.
As with fiscal policy, monetary policy is also affected by the ________, _________ and ________ timing lags.
Fill in the blank(s) with the appropriate word(s).
Fiscal policy is concerned with government's manipulation of taxing, spending, and the money supply to encourage full employment at stable prices.
a. true b. false
In the long run the perfect competitor makes
A. zero economic profits and zero accounting profits. B. some economic profits but zero accounting profits. C. some accounting profits but no economic profits. D. some accounting profits and some economic profits.