The distinction between productivity levels and productivity growth rates is theoretical and has no practical application.
Answer the following statement true (T) or false (F)
False
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Total surplus is in which type of market will be highest?
A. Perfect competition B. Monopoly C. Equally in perfect competition and monopoly D. Natural monopoly
If the actual federal funds rate is substantially above the appropriate rate implied by the Taylor rule, this indicates that
a. monetary policy is overly expansionary and a shift toward a more restrictive policy would be appropriate. b. monetary policy is too restrictive and a shift to a more expansionary policy would be appropriate. c. monetary policy is unable to influence interest rates, and therefore it is unable to influence either output or prices. d. current monetary policy is on target and no policy shifts should be made.
If the government's expenditures are $1.5 trillion and its tax revenues are $2.2 trillion, the government is running a budget...
What will be an ideal response?
Which of the following is the most important source of tax revenue for state governments?
A. Personal income tax B. Property taxes C. Sales and excise taxes D. Corporate income tax