An increase in the personal income tax rate is an example of an expansionary fiscal policy
a. True
b. False
Indicate whether the statement is true or false
False
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An example of contractionary fiscal policy is
A) increasing government spending. B) increasing taxes. C) decreasing government spending. D) decreasing taxes. E) b and c
Which of the following is true about the basis?
A. It tends to be less predictable than the cash price. B. It can be negative or positive. C. It is fairly consistent seasonally over time. D. B and C are correct
Which of the following is not a reason why the labor market experiences job turnover?
A. Workers differ in their abilities. B. Workers might want to change jobs after accumulating general training or education. C. Economic conditions can dictate that a firm reduce its number of workers. D. Firms differ in their amenities and working conditions. E. All of these are reasons why the labor market can experience job turnover.
In contrast with perfect competition, a monopolist:
a. may have economic profits in the long run. b. earns zero economic profits in the long run. c. produces where MR > MC, and a perfectly competitively firm produces where P = MC. d. produces more at a lower price.