There are no justifications for tax rates above the revenue-maximizing point
a. True b. False
b
Economics
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Everything else held constant, if a central bank makes an unsterilized ________ of foreign assets, then the domestic money supply will ________ and the domestic currency will appreciate
A) purchase; increase B) purchase; decrease C) sale; increase D) sale; decrease
Economics
Equilibrium GDP and the interest rate are interdependent
a. True b. False
Economics
If a country is net exporter, free trade will hurt the ________.
A. poor citizens of the country B. domestic producers C. domestic consumers D. rich citizens of the country
Economics
When the price of a product increases, a consumer is able to buy less of it with a given money income. This describes the:
A. cost effect. B. inflationary effect. C. income effect. D. substitution effect.
Economics