Tax shifting is more easily accomplished when all items are subject to taxation.
Answer the following statement true (T) or false (F)
False
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Based on the following information, the value of the M1 measure of the money supply is ________ and the value of the M2 measure of the money supply is ________. AssetsBillions of DollarsCurrency20Demand deposits30Money market mutual funds80Travelers' checks5Savings deposits180Other checkable deposits20Small denomination time deposits110
A. $255 billion; $445 billion B. $445 billion; $445 billion C. $75 billion; $445 billion D. $55 billion; $425 billion
Assume that foreign capital flows into a nation rise due to expected increases in stock market appreciation. If the nation has highly mobile international capital markets and a fixed exchange rate system, what happens to the real GDP and monetary base in the context of the Three-Sector-Model? a. Real GDP rises and monetary base rises
b. Real GDP rises and monetary base falls. c. Real GDP and monetary base fall. d. Real GDP and monetary base remain the same. e. There is not enough information to determine what happens to these two macroeconomic variables.
If the federal funds rate rises above the Fed's target range, the Fed should take:
A. an offensive action and sell government bonds. B. a defensive action and buy government bonds. C. a defensive action and sell government bonds. D. an offensive action and buy government bonds.
Which one of the following is not a major source of funds for the U.S. federal government?
A. Borrowing B. General sales taxes C. Payroll taxes D. Proprietary income