Which of the following taxes is most likely to reduce inequity?
A. A sales tax.
B. A gasoline tax.
C. A local property tax.
D. The federal income tax.
Answer: D
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Suppose workers receive a 5 percent increase in wages and prices are rising by 5 percent. Workers will experience
A) an increase in nominal wages and a decrease in real wages. B) an increase in nominal wages and an increase in real wages. C) an increase in nominal wages but real wages are unchanged. D) a decrease in nominal wages and a decrease in real wages.
Which of the following is NOT part of the FOMC directive?
A) It lays out the FOMC's general economic objectives. B) It specifies target ranges for money supply growth. C) It establishes short-term federal funds rate objectives. D) It specifies who the chair of the Fed is.
How many Federal Reserve District Banks are there?
A) 5 B) 7 C) 12 D) 1
Goods and services given to the poor such as food stamps, housing vouchers, and medical services are called