In many cases, tax loopholes are designed by Congress to
a. give special treatment to specific types of behavior.
b. reduce the overall administrative burden of the tax system.
c. raise revenues for special projects.
d. All of the above are correct.
a
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The Bretton Woods system fixed all exchange rates in terms of the U.S. dollar
a. True b. False
Fiscal policy is
a. a change in money supply designed to change total spending. b. a change in interest rates designed to change total spending. c. a change in government purchases or net taxes designed to change total spending. d. a change in government regulations designed to change total spending. e. a change in policy stance by the Federal Reserve designed to change total spending.
Actual reserves are equal to required reserves plus excess reserves
Indicate whether the statement is true or false