Nancy paid a tax of $0.50 on the last dollar she earned in 1999 . Nancy's marginal tax rate in 1999 was
a. more than 50 percent.
b. exactly 50 percent.
c. higher than her average tax rate.
d. lower than her average tax rate.
b
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The larger the MPC, the smaller the value of the multiplier
Indicate whether the statement is true or false
Assets which include foreign currencies and gold certificates that central banks use to maintain exchange rates in a predetermined range are called:
A) reserve assets. B) tangible assets. C) bank assets. D) discretionary assets.
Information asymmetries are defined to be when:
A. one party to a transaction has more information that another. B. information isn’t readily available to anyone. C. both sides to a transaction have equal information. D. one party withholds information from the other party.
The Full Employment and Balanced Growth Act of 1978 set the target unemployment rate for the United States economy at 4 percent
a. True b. False