What determines the proportion of a unit excise tax that will be passed on to consumers in the form of higher prices?
A) the nature of the projects funded by the tax
B) the number of additional taxes that consumers have to pay
C) the popularity of the tax
D) the degree to which quantity demanded and supplied of the good respond to price changes
D
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Another way of stating that investment is independent of real disposable income is to say that it is
A) inversely related. B) directly related. C) complementary. D) autonomous.
If supply is upward-sloping and demand is downward sloping, what happens to the equilibrium real risk-free interest rate and quantity of real loanable funds per time period if there is a decrease of financial international capital flows into a nation:
a. The real risk-free interest rate rises and the quantity per time period falls. b. The real risk-free interest rate rises and the quantity per time period rises. c. The real risk-free interest rate falls and the quantity per time period falls. d. The real risk-free interest rate rises and the quantity per time period does not change. e. The real risk-free interest rate rises and the quantity per time period is uncertain.
Determinants of macro performance work on macro outcomes through
A. Internal market forces. B. International balances. C. External shocks. D. Aggregate supply and demand.
Which of the following programs are in-kind?
A. EITC B. AFDC/TANF and EITC C. AFDC/TANF D. WIC