A tax hike ________ aggregate demand and ________ aggregate supply
A) increases; increases
B) increases; decreases
C) decreases; increases
D) decreases; decreases
E) does not change;increases
D
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In 2014, South America had a lower average GDP per capita than any other continent
Indicate whether the statement is true or false
Which of the following accounts for the largest source of revenue for the federal government?
a. sales tax b. federal property tax c. personal income tax d. corporate income tax e. borrowing
Which of the following is a result of unemployment that is very low?
a. the few people who are unemployed stop looking for jobs b. wages drop below the level of minimum wage c. companies have difficulties recruiting workers d. companies stop looking for people to fill unfilled jobs
Sue sells a futures contract for U.S. Treasury bonds and on the settlement date the interest rate on U.S. Treasury bonds is lower than Sue expected. Sue will have:
A. lost money on her short position. B. gained money on her short position. C. gained money on her long position. D. lost money on her long position.