If the government were to simultaneously cut the personal income tax and the corporate profits tax, the equilibrium interest rate
A) would fall.
B) would rise.
C) would be unaffected.
D) might either rise or fall.
D
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Refer to Table 4.2. If you choose to invest in Japanese bonds, your investment return from Scenario A will be
A) 1%. B) 3%. C) 4%. D) 7%.
Social security benefits have exceeded/will exceed payroll taxes starting in
A. 2005. B. 2010. C. 2020. D. 2030.
If Dalene's marginal benefit from consuming another cookie is greater than the price of the cookie, then
a. Dalene will not purchase any more cookies b. the opportunity cost of the cookie is lower than the price c. Dalene's utility will decrease if she purchases the cookie d. Dalene will increase her total satisfaction by purchasing the additional cookie e. she has purchased too many cookies
Efficient production exists when the economy is:
A) operating inside its production possibilities curve. B) operating on its production possibilities curve. C) operating outside its production possibilities curve. D) moving beyond its production possibilities curve