The corporate income tax is
a. an indirect tax.
b. a regressive tax.
c. the second largest source of revenue for the federal government.
d. a direct tax.
d
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If the yen to dollar exchange rate moves from 105 to 115 yen per dollar, then the dollar has ________ and the yen has ________
A) appreciated; appreciated B) appreciated; depreciated C) depreciated; depreciated D) depreciated; appreciated
In a market system, decisions about how to allocate resources are made: a. by central planning boards in each industry
b. by a lottery system. c. by individuals and firms interacting in markets coordinated by market prices. d. by large conglomerates working cooperatively with the government.
The Monetarist transmission mechanism through which monetary policy affects the price level, real GDP, and employment depends on the:
A. indirect impact of changes on the interest rate. B. indirect impact of changes on profit expectations. C. direct impact of changes in fiscal policy on aggregate demand. D. direct impact of changes in the money supply on aggregate demand.
The percentage change in one's real income can be approximated by:
A. The percentage change in price level divided by the percentage change in nominal income B. The percentage change in nominal income divided by the percentage change in price level C. The percentage change in price level minus the percentage change in nominal income D. The percentage change in nominal income minus the percentage change in the price level