From the passage of the 16th amendment to the U.S. Constitution, income taxes became the primary source of income for the U.S
a. True
b. False
Indicate whether the statement is true or false
False
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The aggregate demand curve illustrates the relationship between
A) the aggregate expenditure for goods and services, and the real interest rate. B) the aggregate expenditure for goods and services, and the level of current output. C) the level of current output and the real interest rate. D) the aggregate expenditure for goods and services, and the price level.
Economic surplus is another term for which of the following?
a. efficiency b. consumer surplus c. social surplus d. deadweight loss
Long-run aggregate supply will decrease for...
What will be an ideal response?
Refer to the figure. If the Federal funds market is at equilibrium at point B and the Federal Reserve decides to change the rate by a percentage point in order to reduce the chances of the economy going into recession, the supply of funds curve will have to shift to:
A. Sf1
B. Sf2
C. Sf3
D. Sf4