Vertical equity is not consistent with a regressive tax structure
a. True
b. False
Indicate whether the statement is true or false
False
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The recession of 2007-2009 made many consumers pessimistic about their future incomes. How does this increased pessimism affect the aggregate demand curve?
A) This will move the economy down along a stationary aggregate demand curve. B) This will move the economy up along a stationary aggregate demand curve. C) This will shift the aggregate demand curve to the left. D) This will shift the aggregate demand curve to the right.
Classical unemployment can be caused by which of the following?
A. Minimum wage laws B. Bargaining by unions C. Efficiency wages D. All these create classical unemployment.
The nominal GDP of a country is 13.4 percent higher than its real GDP. The value of the GDP deflator of the country is equal to _____
a. 134.0 b. 113.4 c. 130.4 d. 103.4
Suppose that the Fed has decided to utilize the Taylor rule to implement monetary policy. If the actual federal funds rate target is presently below the level specified by the Taylor rule and has been lower then this level for several weeks, then this would be a signal that
A. the Fed should halt efforts to target the money supply. B. the Fed should switch to targeting the money supply instead of the federal funds rate. C. monetary policy is very contractionary. D. monetary policy is very expansionary.