In 2009, the lowest quintile of income earners paid about
a. 1 percent of income as taxes and paid less than 1 percent of all taxes.
b. 5 percent of income as taxes and paid less than 1 percent of all taxes.
c. 1 percent of income as taxes and paid about 5 percent of all taxes.
d. 5 percent of income as taxes and paid about 5 percent of all taxes.
a
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Which of the following increases aggregate demand?
A) a decrease in taxes B) a decrease in foreign income C) a decrease in government expenditure D) a rise in the interest rate
The use of collateral
A) allows banks to charge higher interest rates on loans. B) makes it more costly for borrowers to take advantage of their asymmetric information. C) makes it more costly for lenders to take advantage of their asymmetric information. D) has important tax implications for both borrowers and lenders.
With a monopoly, the consumer’s surplus is lower than it would be with a perfectly competitive industry.
Answer the following statement true (T) or false (F)
What are the two types of demand that make up total demand for money?
What will be an ideal response?