A decrease in federal income tax rates is an example of fiscal policy that affects GDP through consumption adjustments

a. True
b. False
Indicate whether the statement is true or false


True

Economics

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For which of the following will the law of one price hold best?

A) shirt B) butter C) gold D) milk

Economics

The statistical indicators of business cycle changes contain

a. leading indicators. b. lagging indicators. c. roughly coincident indicators. d. All of these.

Economics

If all taxpayers pay the same percentage of income in taxes, the tax system is proportional

a. True b. False Indicate whether the statement is true or false

Economics

Which of the following institutions is responsible for supervising the banking system of the United States?

A. The Federal Reserve System B. The Open Market Committee C. The U.S. Treasury D. The Federal Deposit Insurance Corporation

Economics