Supply-side tax cuts are more likely to have the intended beneficial effect on
a. budget deficits.
b. consumer spending.
c. investment spending.
d. net exports.
c
You might also like to view...
The only type of business that faces limited liability is a corporation
Indicate whether the statement is true or false
The building of the ________ were the key development in opening the era of mass production and mass consumption.
Fill in the blank(s) with the appropriate word(s).
Financial intermediaries are:
A. government officials who bring together buyers and sellers in a market. B. those who negotiate terms of settlement between borrower and lender when one is in default. C. institutions that channel funds from people who have them to people who want them. D. those who negotiate terms of settlement between buyer and seller when one is in default.
Suppose the current one-year interest rate is 3%, and financial markets expect the one-year interest rate next year to be 5%. Given this information, the yield to maturity on a two-year bond will be approximately
A) 4%. B) 6%. C) 8%. D) 12%. E) none of the above