Which of the following best describes a fiscal policy tool?
A. government spending
B. bank lending
C. financial capital markets
D. household spending
A. government spending
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The relationship between personal and corporate income taxes rates is significant because _____
a. high-income taxpayers can choose between realizing income as personal or corporate b. low-income taxpayers purchase the majority of goods produced by corporations c. middle-income taxpayers equalize their income between corporate and personal income taxes d. there is no relationship
The U.S. antitrust enforcers will likely block a merger if
A) the merging firms already earn excessive profits. B) the merging firms are in different markets. C) the merger will substantially increase market power. D) the degree of concentration declines as a result of the merger.
The Italian economy can be characterized by Equation 24.1.EQUATION 24.1:C = 300 + 0.8Yd G = 400T = 200I = 200Refer to Equation 24.1. At the equilibrium level of output in Italy, consumption equals
A. $3,100. B. $3,250. C. $3,400. D. $3,625.
If consumption increases by $9 when after-tax disposable income increases by $10, the marginal propensity to consume (MPC) equals
A. 9. B. 0.9. C. 1. D. 0.1.