A tax added to the camping fee at national parks that is used to maintain and upgrade camping facilities at national parks is a tax based on
A. vertical equity.
B. the benefits-received principle.
C. horizontal equity.
D. the ability-to-pay principle.
Answer: B
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An increase in the money supply shifts the LM curve to the right, causing the interest rate to ________ and output to ________, everything else held constant
A) rise; rise B) rise; fall C) fall; rise D) fall; fall
The amount of a commodity that buyers in the market would like to purchase at a particular price is
a. equilibrium b. quantity supplied c. quantity produced d. infinite e. quantity demanded
Which of the following is a possible government objective?
a) High borrowing costs b) Low income per person c) Lower employment d) Lower inflation
Moving from the late 1960s to 1970-1973,
a. inflation remained high while the unemployment rate was lower than in the late 1960s. b. inflation remained high while the unemployment rate was higher than in the late 1960s. c. inflation remained low while the unemployment rate was lower than in the late 1960s. d. inflation remained low while the unemployment rate was higher than in the late 1960s.