Supply-restricting policies are intended to __________ prices and __________ farmers' revenues
A) lower; increase
B) lower; reduce
C) raise; increase
D) raise; reduce
C
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The figure above gives your budget line for magazine and CDs per month. Given that your income equals $60 per month, what is your real income in terms of magazines?
A) 12 magazines B) 6 magazines C) 2 magazines D) $60/month
With the Troubled Asset Relief Program (TARP), the Treasury provided funds to banks in exchange for stock
Indicate whether the statement is true or false
Answer the following statements true (T) or false (F)
1. Raising taxes in order to pay off the U.S. national debt would result in a significant redistribution of income. 2. Passing the debt on to future generations has a different impact on individuals than it does on the total economy. 3. Reducing the national debt would increase the money supply. 4. The actual deficit is a poor measure of fiscal policy. 5. The U.S. national debt has declined continuously as a percentage of GDP since World War II.
Suppose the nominal interest rate is 10 percent, the tax rate on interest income is 28 percent, and the inflation rate is 6 percent. Then the after-tax real interest rate is -3.2 percent
a. True b. False Indicate whether the statement is true or false