The federal government of the United States relies heavily on value-added taxes
a. True
b. False
Indicate whether the statement is true or false
False
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When calculating the user cost of capital, the after-tax rate of return and the economic rate of depreciation interact by
A. multiplication. B. subtraction. C. division. D. addition.
A lender of last resort
A) makes loans when no one else will. B) makes loans without regard for risk. C) is a firm that is forced to make loans for its own survival. D) Both A and B. E) None of the above.
All of the following are income in kind EXCEPT
A) government provided housing. B) government provided education. C) tips received by a waitress. D) goods produced in the home.
A rightward shift of long-run aggregate supply due to technology advances without any change in aggregate demand
A. increases the price level without any change in real GDP. B. results in a lower price level. C. will leave real GDP unchanged. D. increases the price level along with an increase in real GDP.