From the 1960s to the early 1990s, marginal tax rates _____
a. varied, but not in a consistent direction
b. steadily declined
c. steadily increased
d. remained relatively constant
b
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Is the $821 billion that the government would spend on incentive programs and compensation for higher energy prices part of the opportunity cost of producing electricity?
What will be an ideal response?
Which of the following provides a tool by which you can measure overall price changes paid by representative individuals living in urban households?
(a) The GDP Deflator ( NGDP/RGDP 100, expressed as a percentage ) (b) The Producer Price Index (c) The Consumer Price Index (d) The Housing Price Index
For a monopolistically competitive firm
A) price equals marginal revenue at all levels of output. B) price is less than marginal revenue at all levels of output. C) price is greater than marginal revenue at all levels of output except for the first unit. D) the demand curve is perfectly inelastic and marginal revenue is zero.
A budget deficit occurs when tax revenues are less than government spending.
Answer the following statement true (T) or false (F)