Double taxation means that both
a. wage income and interest income are taxed, which is currently the case in the United States.
b. wage income and interest income are taxed, which is not currently the case in the United States.
c. the profits of corporations and the dividends shareholders receive are taxed, which is currently the case in the United States.
d. the profits of corporations and the dividends shareholders receive are taxed, which is not currently the case in the United States.
c
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Use the figure below to answer the following question.
By how much does total Economic Surplus decrease after the tax is imposed?
A. $32 B. $4 C. $38 D. $2
Which of the following statements is correct?
A) New classicals believe that the aggregate supply curve is vertical in the short run. B) New Keynesians believe that the aggregate supply curve is vertical in the short run. C) New Keynesians believe that the aggregate supply curve slopes upward in the long run. D) New classicals believe that the aggregate supply curve slopes upward in the short run.
The Fed can increase the money supply by conducting open market sales of U.S. Treasury Bonds, or by raising the required reserve ratio
Indicate whether the statement is true or false
Suppose the labor force in Tiny Town is 100 people. If the ________ in Tiny Town is 150 people, the labor force participation rate equals ________ multiplied by 100
A) working age population; 100/150 B) working age population; 100/250 C) number of employed persons; 100/250 D) number of employed persons; 100/150