Capital gains taxation can be justified on equity grounds, but not efficiency grounds
a. True b. False
a
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If a 10 percent increase in the price of tomatoes leads to a 20 percent decrease in quantity demanded, then the price elasticity of demand for tomatoes, , equals -2
a. True b. False Indicate whether the statement is true or false
Which of the following is correct? When actual leakages exceeds expected injections, then:
a. Inventories rise, unemployment tends to rise, and prices tend to fall. b. Inventories rise, unemployment tends to fall, and prices tend to rise. c. Inventories fall, unemployment tends to rise, and prices tend to rise. d. It is impossible for these two to be unequal. e. You are mixing apples and oranges. These two macroeconomic variables should not be compared.
Nominal interest rates are considered to be ___ in the short-run model.
a. flexible b. rigid c. zero d. set by the central bank
During a demand-pull inflation, if the Fed tries to maintain a level of real GDP above potential GDP
What will be an ideal response?