The main policy tool for manipulating consumer spending is
A. personal income tax.
B. corporate income tax.
C. capital gains tax.
D. None of the above is correct.
Answer: A
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Why is the nominal interest rate the opportunity cost of holding money?
What will be an ideal response?
The marginal income tax rate applies to
A) all income earned by a family. B) the income in the highest tax bracket reached. C) the income of the highest income U.S. taxpayers. D) the income received by people above the national average.
The M1 definition of the money supply includes, along with currency,
a. demand deposits and savings accounts b. demand deposits and credit cards c. demand deposits and debit cards d. demand deposits and travelers' checks e. travelers' checks and credit cards
The aggregate supply-aggregate demand model predicts that the short-run effect of an unexpected decrease in taxes is:
a. A decrease in the price level and an increase in real output. b. An increase in both the price level and real output. c. An increase in the price level and a decrease in real output. . d. A decrease in both the price level and real output. e. No effect on the price level and a decrease in real output.