The welfare cost of taxation _____
a. occurs because individuals try to avoid the tax to some degree
b. is not the same thing as the excess burden of taxation
c. occurs because individuals refuse to pay the tax
d. cannot, in theory, be calculated
a
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Derivatives can be used to reduce risk, but they also can be a source of risk in themselves.
Answer the following statement true (T) or false (F)
The equilibrium level of real GDP is $5,000 billion, the full employment level of real GDP is $6,000 . and the marginal propensity to consume (MPC) is 0.90 . Which of the following statements is true?
a. A recessionary gap exists equal to $100 billion. b. The full employment target could be reached if government increased its spending by $100 billion. c. Both of the above statements are true. d. Neither of the above statements are true.
Which of the following might be a goal of a union?
a. increasing the size of the union b. increasing the income while holding the size of the union constant c. increasing both the size and income of the union d. all of the above
The sum of the components of aggregate expenditure that are not influenced by real gdp is called?
A) autonomous consumption. B) the MPC. C) autonomous expenditures. D) induced expenditures.