A reduction in the cost of cable TV subscriptions will ________ the ________ for televisions
A) decrease; supply
B) decrease; demand
C) increase; supply
D) increase; demand
E) None of the above is correct.
D
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A(n) ________ relates each possible outcome to its probability of occurrence
A) probability distribution B) frequency C) expected value D) coin toss
The greater the interest rate
A) the greater the present value of a sum to be received a year in the future. B) the greater the opportunity cost of another dollar of current consumption. C) the more a dollar invested today will be worth a year from now. D) the lower the discount rate.
Assume that the government increases spending and finances the expenditures by borrowing in the domestic capital markets. If the nation has highly mobile international capital markets and a flexible exchange rate system, what happens to the quantity of real loanable funds per time period and GDP Price Index in the context of the Three-Sector-Model?
a. The quantity of real loanable funds per time period rises, and GDP Price Index falls. b. The quantity of real loanable funds per time period falls, and GDP Price Index falls. c. There is not enough information to determine what happens to these two macroeconomic variables. d. The quantity of real loanable funds per time period rises, and GDP Price Index rises. e. The quantity of real loanable funds per time period and GDP Price Index remain the same.
Suppose the government imposes a tax of 20 percent on the first $50,000 of income and 30 percent on all income above $50,000 . What is the marginal tax rate when income is $60,000?
a. 10 percent b. 20 percent c. 30 percent d. 50 percent