The Founding Fathers (or Founders) of the United States were
(a) pragmatic reformers, eager to assault slavery whenever political realities permitted.
(b) skittish abolitionists, cautiously promoting antislavery under particular circumstances.
(c) anti-abolitionists, permitting slaves to be freed only when they would reap a great advantage from emancipation.
(d) not concerned with slavery, because for centuries humankind failed to recognize it as a problem.
(b)
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If a household has a single woman and three kids, has a standard deduction of $6,300, has itemized deductions of $10,650, and personal exemptions of $12,000 (3*$4,000), then the first ________ of income is federal income tax free.
A. $18,300 B. $22,650 C. $16,850 D. $28,950
The fact that output gaps will not last indefinitely, but will be closed by rising or falling inflation is the economy's:
A. income-expenditure multiplier. B. self-correcting property. C. short-run equilibrium property. D. long-run equilibrium property.
Accounting that relates how growth in inputs of production are related to growth in output is called:
A. input to output accounting. B. national income accounting. C. production accounting. D. growth accounting.
The implementation lag for fiscal policy tends to be much longer than for monetary policy because fiscal policy requires
A. changes in congressional-approved spending and tax programs. B. changes in required reserves. C. changes in open-market operations. D. changes in exports and imports.