The Bush 2001 tax package included both short-term fiscal stimulus and incentives to encourage long-term savings.
Answer the following statement true (T) or false (F)
True
The short-term stimulus was composed of short-term stimuli like tax rebates, as well as long-term stimuli such as retirement and college savings accounts.
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Explain how the largest sources of state tax revenues differs from the largest sources of federal tax revenues
What will be an ideal response?
In recent years new automobile factories have opened in California and Ohio and closed in Detroit where the unemployment of automobile workers has increased. This unemployment could be decreased if
A) "moving costs" from Detroit to California and Ohio were reduced. B) information about the new jobs was made available to the unemployed workers at reduced cost. C) workers with the appropriate skills were relatively scarce in Ohio and California. D) all of the above.
If the ____ is/are fixed, a change in nominal income is equivalent to a change in real income
a. price level b. interest rates c. tastes and preferences d. future expectations
The natural rate of unemployment is:
What will be an ideal response?