The social security tax is a:
a. progressive tax at all income levels.
b. regressive tax above a certain income level.
c. proportional tax at all income levels.
d. none of these.
b
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Over the last twenty years, the U.S. has generally had a current account ________ and a capital account ________
A) surplus, surplus B) surplus, deficit C) deficit, surplus D) deficit, deficit
Under the gold standard, gold discoveries in Alaska and South America led to
a. both c and d b. a decrease in the domestic money supply c. inflation d. an increase in the domestic money supply e. deflation
Ceteris paribus, if Canadians decide they want to eat more U.S.-grown soybeans, this causes the ________ U.S. currency to ________.
A. demand for; increase B. supply of; increase C. demand for; decrease D. supply of; decrease
The equation of exchange can be written as
A. MsV = PY. B. MsP = VY. C. MsY = VP. D. None of these are correct.