A temporary tax cut will explicitly last for at least 10 years before it is repealed
a. True
b. False
Indicate whether the statement is true or false
False
You might also like to view...
If the required reserve ratio were decreased,
a. the money supply would tend to decrease, but the outstanding loans of banks would tend to increase. b. both the money supply and the outstanding loans of banks would tend to decrease. c. the money supply would tend to increase, but the outstanding loans of banks would tend to decrease. d. both the money supply and the outstanding loans of banks would tend to increase.
Differences in inflation rates between two countries can explain:
A. short-run changes in the exchange rate but not long-run changes. B. changes in the real exchange rate over the long run, but not changes in the nominal exchange rate. C. changes in the exchange rate in both the short run and the long run. D. long-run changes in the exchange rate but not short-run changes.
Which of the following must be present in order for the aggregate supply curve to form an upward slope?
a. the lure of higher profits to induce continued production b. fixed cost of inputs combined with rising prices for outputs c. rise in aggregate quantity of supplied goods and services d. constant price level for intermediate goods and services
The ________ curve is vertical
A) long-run aggregate demand B) short-run aggregate demand C) long-run aggregate supply D) short-run aggregate supply