A(n) _____ tax has your name written on it.
Fill in the blank(s) with the appropriate word(s).
direct
You might also like to view...
Starting from long-run equilibrium, a large tax cut will result in a(n) ________ gap in the short-run and ________ inflation and ________ output in the long-run.
A. expansionary; higher; higher B. expansionary; higher; potential C. recessionary; higher; potential D. recessionary; lower; lower
One of the reasons the 2008 Oregon Experiment was so important is because:
a. it provided evidence that individuals with Medicaid had lower mortality risk than those without insurance. b. its experimental design included random selection of the treatment and control groups. c. it showed that individuals with Medicaid would receive more primary and preventive care, reducing overall health care spending relative to the uninsured. d. it provided solid evidence that expanding Medicaid coverage would improve health outcomes. e. it proved unequivocally that having Medicaid coverage resulted in better physical health outcomes than being uninsured.
As new firms enter and output expands in an increasing-cost industry, the increase in ______ for inputs causes the cost curves of all firms to shift ______.
a. demand; upward b. demand; downward c. supply; upward d. supply; downward
Core inflation is measured because the prices of:
A. nondurable goods fluctuate more frequently than the prices of durable goods; therefore, removing them from the basket prevents potential distortion. B. durable goods fluctuate more frequently than the prices of nondurable goods; therefore, removing them from the basket prevents potential distortion. C. food and energy costs fluctuate frequently and can distort actual changes in the cost of living. D. retail consumption items fluctuate frequently and can distort actual changes in the cost of living.