A major tax overhaul is more likely to be in the public interest that a small tax reform
a. True b. False
a
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Induced expenditures are defined as that part of
A) autonomous expenditure that responds to changes in real GDP. B) real GDP that does not respond to changes in aggregate expenditure. C) aggregate expenditure that responds to changes in real GDP. D) aggregate expenditure that does not respond to changes in real GDP. E) autonomous expenditure that does not respond to changes in real GDP.
Rational people having preferences for immediate benefits and delayed costs is another way of saying that:
A. money is worth less to us now than in the future. B. money is worth more to us now than in the future. C. the value of money does not change over time. D. rational people have insatiable wants.
If the Fed sells a U.S. government bond to a bank, what is the effect on the money supply? a. It will increase
b. It will not change. c. It will decrease. d. It will be uncertain.
The trade deficits of the 1980s and 1990s reflects American desire for foreign
a. assets and foreign desire for American goods and services. b. goods and services and foreign assets. c. goods and services and foreign desire for American assets. d. assets now and foreign goods and services in the future.