Net taxes are:
a. taxes plus transfer payments
b. taxes minus transfer payments.
c. an injection into the economic system.
d. consumption after taxes.
e. government spending minus taxes.
b
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Use the following graph to answer the next question.
Which line in the graph above would best illustrate the asset demand for money curve?
A. Line 1 B. Line 2 C. Line 3 D. Line 4
For products like parking lots and hotels, costs of building capacity are mostly fixed or sunk and firms in this industry typically face capacity constraints. Therefore,
a. If SRMR>SRMC at capacity, then the firms should price to fill capacity
b. If SRMR
What is another name for unemployment caused by difficulties matching workers and jobs?
a. cyclical unemployment b. natural unemployment c. frictional unemployment d. natural unemployment
Although wages, incomes, and interest rates are most often discussed in real terms, what matters most are their nominal values.
a. true b. false