Of the following sources of tax revenue for state and local governments, which was the smallest in 2014?
A) sales taxes. B) the corporate income tax.
C) the individual income tax. D) the property tax.
B
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epublicans often argue in favor of what to push the economy toward economic recovery, as they did during the recession that began in 2008?
A. Tax cuts B. Increase government spending C. Decrease government spending D. Encourage the public to save more
What is a repeated game? Hoe does this helps the players in a game?
When there are few unemployed resources, additional spending will tend to
a. flow directly to the unemployed resources, so that the multiplier can be maintained at 1/1-mpc. b. increase the marginal propensity to consume, and thereby increase the size of the multiplier. c. increase the demand for resources and drive prices downward, increasing the size of the multiplier. d. bid resources away from other activities and drive prices upward, reducing the size of the multiplier.
Based on this graph, which of the following are the key results of an expansionary monetary policy?
a. Price level increases; real gross domestic product increases; aggregate demand increases.
b. Price level decreases; real gross domestic product increases; aggregate demand increases.
c. Price level decreases; real gross domestic product decreases; aggregate demand increases.
d. Price level increases; real gross domestic product decreases; aggregate demand decreases.