A decrease in the marginal income tax rate is a fiscal policy which will increase aggregate demand
Indicate whether the statement is true or false
TRUE
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When set correctly, a Pigouvian tax is efficient because it is equivalent to a lump sum tax.
Answer the following statement true (T) or false (F)
The simple deposit multiplier is:
A) 1/excess reserves. B) 1/reserve requirement. C) 1/deposit requirement. D) none of the above.
If a saver has a positive rate of time preference then the present value of $100 to be received 1 year from today is:
A. not calculable. B. unknown to the saver. C. less than 100. D. more than $100.
A market demand curve is found by
A. taking the demand curve of the "representative" consumer. B. adding the prices and the quantities demanded by a consumer. C. adding the quantities demanded for each individual consumer at each price. D. adding the prices each consumer would pay for each quantity.