The federal personal income tax is
A. direct and regressive.
B. direct and progressive.
C. indirect and regressive.
D. indirect and progressive.
B. direct and progressive.
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What would happen to the availability of credit if banks chose to either increase or decrease the percentage of deposits they hold as reserves?
What will be an ideal response?
Refer to the table below. If Gorgeous Sands Resort produces the profit-maximizing number of resorts and charges the profit-maximizing price, what is their profit during the off-peak-period?
The table above summarizes Gorgeous Sands Resort's marginal capacity cost, marginal operating cost, peak marginal revenue, off-peak marginal revenue, and its peak and off-peak demand for its resort units.
A) $187,500
B) $300,000
C) $450,000
D) $255,500
Graphically show how transfer payments affect labor supply and production possibilities.
What will be an ideal response?
Autonomous spending rises by $10 billion and Real GDP rises by $50 billion. What does the marginal propensity to save equal?
A. 0.10 B. 0.20 C. 0.80 D. 0.90 E. 0.50