The ratio of the change in the equilibrium level of output to the change in taxes is the
A. tax multiplier.
B. tax rebate ratio.
C. government tax deficit.
D. tax revenue calculator.
Answer: A
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Both ________ and ________ are Federal Reserve assets
A) currency in circulation; reserves B) currency in circulation; securities C) securities; loans to financial institutions D) securities; reserves
Which of the following could reduce economic efficiency?
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Fill in the blank(s) with the appropriate word(s).