An effective craft union acts as a monopoly
a. demander of labor.
b. seller of labor.
c. demander of capital.
d. seller of capital.
b
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Expansionary fiscal policy would involve ________, whereas contractionary fiscal policy would involve ________
A) increasing the money supply; increasing personal income taxes B) increasing corporate income taxes; raising interest rates C) increasing transfer payments; increasing corporate income taxes D) increasing government purchases; increasing transfer payments
An example of a good that is rival in consumption is:
A. a hamburger. B. radio signals broadcast over the air. C. national defense. D. public utilities.
Monetary policy has no ________.
A. implementation lag B. legislative lag C. multiplier lag D. recognition lag
Estate and gift taxes account for a very small portion of total tax revenues collected by the federal government because taxes are levied only on large estates.
Answer the following statement true (T) or false (F)