The government's $168 billion plan to stimulate the softening economy in 2008 failed partly because the tax cuts were temporary
a. True
b. False
Indicate whether the statement is true or false
True
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All of the following are examples of restraints of trade except which one?
A) price fixing B) predatory pricing C) output restrictions D) bid rigging
An increase in the supply of money will lead to a(n)
A) increase in equilibrium real GDP and an increase in equilibrium price level. B) increase in equilibrium real GDP and a decrease in equilibrium price level. C) decrease in equilibrium real GDP and an increase in equilibrium price level. D) decrease in equilibrium real GDP and a decrease in equilibrium price level.
If a local government eliminates the tax exemption on municipal bonds, we'd expect to see:
A. municipal bonds will become more attractive to investors. B. an increase in the yield on taxable bonds. C. a decrease in the gap in yields on taxable and tax-exempt bonds. D. a decrease in the yield on municipal bonds.
If property rights are weak or uncertain, resource extraction will tend to:
A. occur faster than the rate that would maximize the long-run stream of profits. B. occur slower than the rate that would maximize the long-run stream of profits. C. occur at the rate that would maximize the long-run stream of profits. D. stop.