Filing a fraudulent income tax return that understates income or overstates deductions is known as
a. tax evasion
b. logrolling
c. tax avoidance
d. rent seeking
e. profiteering
A
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Starting from long-run equilibrium, an increase in autonomous investment results in ________ output in the short run and ________ output in the long run.
A. lower; potential B. higher; higher C. lower; higher D. higher; potential
A fully amortized loan is another name for
A) a simple loan. B) a fixed-payment loan. C) a commercial loan. D) an unsecured loan.
Net unilateral transfers abroad is the difference of the unilateral transfers received from abroad by U.S. residents and the unilateral transfers sent to foreign residents by the U.S. residents
Indicate whether the statement is true or false
The crowding-out effect works through interest rates to:
A. decrease the effectiveness of contractionary fiscal policy. B. decrease the effectiveness of expansionary fiscal policy. C. increase the effectiveness of expansionary fiscal policy. D. increase the effectiveness of contractionary fiscal policy.