A tax cut can best be characterized as
A. Monetary policy only.
B. Both monetary and supply-side policy.
C. Fiscal policy only.
D. Both fiscal and supply-side policy.
Answer: D
You might also like to view...
When a production possibilities frontier is bowed outward, as more of one good is produced, its opportunity cost
A) increases. B) decreases. C) remains constant. D) might increase, decrease, or remain constant depending on how much people value the additional units of the good. E) cannot be predicted.
What two measures of macroeconomic activity are often referred to as the "twin deficits"?
A) the budget deficit and the trade balance B) net capital flows and net exports C) the foreign exchange deficit and net foreign investment D) the saving-investment deficit and the export deficit
The unemployment rate is the percentage of the civilian labor force that is unemployed but actively seeking work
a. True b. False Indicate whether the statement is true or false
Death taxes, both state and federal, account for about _____ percent of total tax revenue
a. 1% b. 2% c. 3% d. 10%