The total number of governments in the United States has increased since 1972
a. True b. False
a
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________ taxes represent about a third of the federal government's receipts
A) Excise B) Corporate income C) Payroll D) Personal income
Of the following, the largest is
A) money market deposit accounts. B) demand deposits. C) M1. D) M2.
If the economy is experiencing an inflationary gap in the short run, an increase in the budget surplus
A) will reduce the size of the inflationary gap. B) will increase the size of the inflationary gap. C) will cause an increase in inflation and increase aggregate supply. D) will increase aggregate demand and will increase the price level.
Suppose Sam buys a good for $100 at a yard sale. If consumer surplus from the sale is $75, Sam would have been willing to pay:
a. $100 b. $175. c. $25 d. equal to the deadweight loss.