A sales tax is a type of consumption tax
a. True b. False
a
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The equilibrium price is best defined as the price at which: a. demand is smaller than supply
b. suppliers want to supply more goods. c. demanders want to buy more goods. d. quantity demanded is equal to quantity supplied. e. the quantity demanded increases.
Over the past century in the U.S., what has been federal government revenue as a percentage of GDP? What has been state and local government revenue as a percentage of GDP?
A country has national saving of $50 billion, government expenditures of $30 billion, domestic investment of $10 billion, and net capital outflow of $40 billion. What is its supply of loanable funds?
a. $20 billion b. $30 billion c. $50 billion d. $60 billion
The rational expectations theorists have taken up two key items on the conservative economists' agenda: (1) _________ and (2) ____________.
Fill in the blank(s) with the appropriate word(s).