When the marginal tax rate equals the average tax rate, the tax is
a. proportional.
b. progressive.
c. regressive.
d. egalitarian.
a
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Total reserves of private banks are
A) federal reserve notes. B) all customer deposits. C) deposits held at the Fed and vault cash. D) the minimum amount banks need to hold against time deposits.
What is the social interest theory of regulation? How does it differ from the capture theory of regulation?
What will be an ideal response?
Corrina was working as a waitress in an Italian restaurant making an annual income of $25,000 per year when she decided to start up her own catering business
Corrina used $10,000 of her savings that was earning 5 percent annual interest to establish her business. After the first year she made an accounting profit of $20,000. Her economic profit was A) $5,550. B) -$5,000. C) $20,000. D) $25,000.
Once macroeconomic equilibrium has been established in an economy, there is no tendency for real GDP to change, even if there is a change in autonomous expenditure
a. True b. False Indicate whether the statement is true or false