Refer to Table 20.1. George is a single taxpayer with an income of $65,000. If George had received a raise of $3,500 at the beginning of the year, he would have paid an additional ________ in income tax
A) $665
B) $945
C) $1,000
D) $1,330
C
Economics
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Refer to Table 2.1. GDP in 2012 is
A) $190.00. B) $199.50. C) $215.00. D) $267.50.
Economics
How does the science of economics deal with the fact that we all have different values?
A) by assuming that values don't play a role in economic behavior B) by seeking to discover the sources of different value systems C) by using positive analysis D) by surveying the public to see what the most common values are, and then incorporating those as assumptions into their models
Economics
Fiscal policy works mainly by shifting the ______ curve.
A. aggregate demand B. aggregate supply C. supply D. government supply
Economics
Why is the money demand curve down sloping?
What will be an ideal response?
Economics