If the capital-gains tax rate in 2007 had remained the same as in the mid - 1970s,
A. more gains would have reported to the IRS.
B. the top 1 percent share of income would have been less than 7%.
C. far fewer gains would have been realized.
D. the top 1 percent share of income would have been more than 30%.
Answer: C
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The money rate of interest is the
a. real rate of interest minus the inflationary premium. b. real rate of interest plus the inflationary premium. c. real rate of interest divided by the inflationary premium. d. inflationary premium minus the real interest rate.
Which of the following is an example of a monopolistically competitive firm?
a. a frozen yogurt shop b. a pharmaceutical firm c. Honda Motor Corporation d. DeBeers Diamonds
Which of the following is the correct formula for determining the unemployment rate?
a. [(The number of unemployed, working-age people seeking work)/(The number of people in the labor force)] x 100. b. (The total number of employed / The number of people in the labor force) x 100. c. (The total number of unemployed / The number of working-age people seeking work) x 100. d. (The number of people in the labor force / The number of working-age people seeking work) x 100.
Assume the expectations hypothesis regarding the term structure of interest rates is correct. Then, if the current two-year interest rate is 5% and the current one-year rate is 6%, then investors expect the future one-year rate to be:
A. 6%. B. 5%. C. 4%. D. 1%.