Most bank deposits in the United States are insured by the Federal Deposit Insurance Corporation (FDIC)
a. True
b. False
Indicate whether the statement is true or false
True
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The demand curve for a normal good shifts leftward if income ________ or the expected future price ________
A) decreases; falls B) decreases; rises C) increases; falls D) increases; rises
The amount by which equilibrium real GDP exceeds full-employment GDP is known as
a. stagflation. b. employment. c. a recessionary gap. d. an inflationary gap.
Which is of the following is an example of a progressive tax?
a. An excise tax on a luxury good b. An income tax whose rate increases as income increases c. Medicare tax, which is a percentage of income d. A payroll tax that does not increase beyond a certain level of income
The theory by which people optimally use all available information when forecasting the future is known as
a. rational expectations. b. perfect expectations. c. credible expectations. d. predictive expectations.