The "value of money"
A) increases during economic expansions.
B) is the quantity of goods and services that a unit of money can buy.
C) is determined by Fed regulations.
D) is directly related to the price level.
E) increases during inflationary periods.
B
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The relationship between tax rates and tax revenues is shown on the
A) IRS curve. B) production possibilities frontier. C) Laffer curve. D) Discretionary Spending curve.
Increases in income from sources other than employment can cause the labor supply curve to shift to the left
a. True b. False Indicate whether the statement is true or false
Permanent tax cuts shift the AD curve
a. farther to the right than do temporary tax cuts. b. not as far to the right as do temporary tax cuts. c. farther to the left than do temporary tax cuts. d. not as far to the left as do temporary tax cuts.
During the last two centuries, after adjustment for inflation,
A) both corporate stocks and bonds have yielded an average annual real rate of return of about 3 percent. B) corporate stocks have yielded an average annual real return of approximately 7 percent, compared to an average real return of about 3 percent for bonds. C) corporate bonds have yielded an average annual real return of approximately 7 percent, compared to an average real return of about 3 percent for corporate stocks. D) both corporate stocks and bonds have yielded an average annual real rate of return of about 7 percent.