The tax brackets in a particular year are 10% on earnings up to $35,000, 20% on earnings from $35,001 to $75,000, 30% on earnings from $75,001 to $150,000, and 33% on earnings over $150,000. Professor Schmidt earns $125,000. Which information do we need to use to calculate her marginal tax rate?
a. the lowest tax rate and the highest tax rate
b. the tax rate for each category up to $150,000
c. the highest tax rate she will pay on her income
d. her salary and the tax rate on wages over $150,000
c. the highest tax rate she will pay on her income
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The goals of monetary policy tend to be interrelated. For example, when the Fed pursues the goal of ________, it also can achieve the goal of ________ simultaneously
A) economic growth; a low current account deficit B) high employment; lowering government spending C) stability of financial markets; a low current account deficit D) high employment; economic growth
Table 30.2Number of stylists (per week)Total output (per week)Marginal physical product (output per stylist)Total revenue (dollars per week)Marginal revenue product (dollars per stylist)00---________---160________________________280________________________390________________________490________________________Table 30.2 shows how many hairstyling appointments a hair salon can schedule per week based on the number of stylists. In the spaces provided, compute the marginal physical product (MPP) of the hair stylists, total revenue, and marginal revenue product of the stylists, assuming that a hair stylist charges $60 per appointment. In Table 30.2, suppose a hairstylist is paid $600 per week. How many hairstylists should a profit-maximizing salon hire?
A. 1. B. 2. C. 3. D. 4.
Historically, the most harmful bubbles are those financed by heavy borrowing and extensive use of leverage.
Answer the following statement true (T) or false (F)
In an aggregate demand and aggregate supply graph, a contractionary fiscal policy can be best illustrated by a:
A. rightward shift in the aggregate supply curve. B. movement along an existing aggregate supply curve. C. leftward shift in the aggregate demand curve. D. rightward shift in the aggregate demand curve.