The tax you pay on your last dollar of income is called the
A. marginal rate of payment.
B. average tax rate.
C. marginal tax rate.
D. marginal propensity to pay tax.
Answer: C
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List and explain the three subgroups of the Federal Reserve System
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Suppose that a perfectly competitive industry becomes a monopoly. What effect will this have on consumer surplus, producer surplus, and deadweight loss?
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When the IMF provides loans to developing countries, it often requires these countries to adopt:
A. a contractionary fiscal policy and an expansionary monetary policy. B. contractionary monetary and fiscal policies. C. expansionary monetary and fiscal policies. D. a contractionary monetary policy and an expansionary fiscal policy.
The Fed came about in 1913 due to Congress's desire to have a centralized bank with national control of banking
Indicate whether the statement is true or false