Consumption taxes are generally viewed as
A. regressive.
B. progressive.
C. simple to calculate.
D. multiplicative.
A. regressive.
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Most LDCs face the problems of low population growth and excessive saving
a. True b. False Indicate whether the statement is true or false
When economies of scale exist, a decrease in the level of output will lead to:
a. a decrease in cost per unit. b. an increase in cost per unit. c. no change in cost per unit. d. an increase in total cost.
According to the classical view, to prevent price level changes when real output is growing by 3 percent per year,
a. the money supply must decrease by 3 percent per year b. the money supply must increase by 3 percent per year c. the money supply must increase by more than 3 percent per year d. the money supply must remain constant e. velocity must decrease by 3 percent per year
A bank has a 20 percent reserve requirement, $8,000 in loans, and has loaned out all it can given the reserve requirement
a. It has $6,400 in deposits. b. It has $10,000 in deposits. c. It has $9,600 in deposits. d. It has $1,600 in deposits.