The statement "A tax cut would be the fairest way to stimulate the economy" is an example of positive economic analysis
a. True
b. False
Indicate whether the statement is true or false
False
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A goal of expansionary monetary policy is to:
A) decrease the rate of growth of real GDP. B) increase the rate of growth of real GDP. C) increase inflation. D) none of the above.
The domestic currency of a country depreciates in value when: a. there is an increase in the foreign currency price of the domestic currency. b. its value falls in relation to another currency
c. the government of the country revaluates the domestic currency. d. its value rises in relation to another currency. e. there is a fall in the domestic demand for foreign currency.
Fiscal federalism refers to
a. passing money from one level of government to another. b. leaving indirect taxes to the states. c. keeping property taxes low. d. making all levels of government operate on a "pay as you go" basis.
A tax rate increase always leads to an increase in tax revenue for the government.
Indicate whether the statement is true or false.