Wealth taxes are assessed on a stock of assets instead of a flow such as income or sales.
A. True
B. False
C. Uncertain
A. True
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The quantity of ________ by households will be less ________
A) saving; the higher is disposable income B) saving; the lower is the real interest rate C) consumption; the lower is the inflation rate D) consumption; the higher is disposable income
Beth recently began running her husband's lumber mill. Last month she took in $5,000 in sales revenue and paid $3,400 in out-of-pocket costs. She made an economic profit last month if her implicit costs were:
a. $1000. b. $1600. c. $2400. d. $3300.
Monetarists believe that changes in monetary policy would have:
a. only short-term effect on the price level. b. only short-term effect on real GDP. c. only long-term effect on real GDP. d. no effect on price level and real GDP. e. both short-term and long term effect on real GDP.
In the classical model there is complete crowding out when government spending increases, but in the short-run macro model there is only partial crowding out
a. True b. False