Mrs. Dodge has $8 million in income and pays no income taxes. Her income is most likely
A. capital gains.
B. interest on corporate bonds.
C. interest on municipal bonds.
D. offset by mortgage interest.
Answer: C
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In the worker's leisure/consumption model, the wage is the same as the price of consumption.
Answer the following statement true (T) or false (F)
It is possible for the government to remove individuals from a prisoner's dilemma setting and make them better off.
Answer the following statement true (T) or false (F)
What is the standard deviation of the payoff from an investment that yields $5,000 with a probability of 0.15 and $500 with a probability of 0.85?
A. $0 B. $2,581,875 C. $42.50 D. $1,606.82
An event that directly affects firms' costs of production and thus the prices they charge is called
a. a Phillips contraction. b. an inflationary spiral. c. a demand shock. d. a supply shock.