One World View article is titled "Top Tax Rates." The highest marginal tax rates in the world in 2015 were found in
A. Monaco.
B. France.
C. Canada.
D. Denmark.
Answer: D
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If the aggregate supply curve is upward sloping, then an increase in autonomous consumption leads to a(n)
A) increase in aggregate demand and a rise in the price level. B) decrease in aggregate demand and a rise in the price level. C) decrease in aggregate demand and a fall in the price level. D) no change in aggregate demand and no change in the price level.
Which of the following policy actions by the Fed would cause the money supply to decrease?
a. An open-market purchase of government securities. b. A decrease in required reserve ratios. c. An increase in the discount rate. d. A decrease in the discount rate.
If restrictive monetary policy results in a slowdown in the domestic inflation rate and higher real interest rates, other things constant, the
a. nation's currency will appreciate. b. nation's currency will depreciate. c. nation will run a balance of trade surplus. d. nation will run a capital account deficit.
The difference between the total revenue and total cost curves at a given output is equal to
A. Average revenue. B. Average total cost. C. Either profit or losses depending on the curves relative position. D. Profit per unit.