All of the following are costs of unemployment EXCEPT:
A. lost self-esteem.
B. lost leisure time.
C. lost tax revenue.
D. lost income.
Answer: B
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Automatic changes in tax revenues and expenditures that occur as a result of fluctuations in real GDP are referred to as automatic
A) discretionary policy. B) discretionary taxes and expenditure. C) government. D) stabilizers. E) taxes and expenditure.
Refer to Scenario 2 . What happens to the relative income distribution between the two countries under the conditions in the previous question? Explain
What will be an ideal response?
Special tax treatment given to specific types of behavior are called
a. tax avoidance. b. tax evasion. c. tax loopholes. d. tax burden.
An increase in the value of the dollar will ___ agg demand
Fill in the blank(s) with the appropriate word(s).