Industrial production is an example of a:
A) leading indicator.
B) coincident indicator.
C) lagging indicator.
D) none of the above.
B
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Unlike with Social Security taxes, there is no threshold on earnings beyond which the Medicare tax collection stops
Indicate whether the statement is true or false
Increases in the availability of natural resources will affect the aggregate supply curve such that it
a. shifts inward and becomes flatter. b. shifts inward. c. shifts outward. d. becomes flatter. e. becomes steeper.
When income effects are small:
A. there is no difference between the uncompensated demand curve and the uncompensated demand curve. B. the uncompensated demand curve will be relatively far from the compensated demand curve. C. the compensated demand curve will intersect the uncompensated demand curve. D. the uncompensated demand curve lies close to the compensated demand curve.
Which statement is true?
A. The United States has a larger national output than any other country in the world. B. We have had recessions about every three years since World War II. C. There were no recessions while Ronald Reagan was president. D. None of the statements are true.