If a person is concerned that an additional $1,000 income will move him/her into a new tax bracket, that person is worried about the:
a. proportional rate.
b. regressive tax rate.
c. marginal tax rate.
d. flat tax rate.
c
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Assume that MPS is 0.4. If spending increases by $8 billion, then real GDP will increase by
A. $8 billion. B. $15 billion. C. $20 billion. D. $13.3 billion.
Is the "international adjustment mechanism" for fixed and flexible exchange rates the same? Discuss briefly
What will be an ideal response?
Suppose the Bank of China permanently decreases its purchases of U.S. government bonds and, instead, holds more dollars on deposit at the Federal Reserve
Everything else held constant, a open market ________ would be the appropriate monetary policy action for the Fed to take to offset the expected ________ in the monetary base in the United States. A) purchase; decrease B) purchase; increase C) sale; decrease D) sale; increase
The individual who brings together economic resources and assumes the risk of business ventures in a capitalist economy is called the:
A. Manager B. Entrepreneur C. Stockbroker D. Banker