The movement of taxpayers into higher tax brackets as nominal incomes grow is
A. Bracket hike.
B. Bracket creep.
C. Inflation hike.
D. Bracket leap.
Answer: B
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Which of the following is true of the NASDAQ Composite Index?
a. It includes the stocks of 500 companies that are widely owned by U.S. citizens. b. It represents all major areas of the U.S. economy. c. It mostly includes the stocks of technology and Internet-related companies. d. It contains more than 6,500 stocks that are traded in the United States. e. It includes all the stocks which are on the New York Stock Exchange.
By adjusting its spending level, the government can try to achieve target employment and GDP levels through
a. countercyclical monetary policy b. buying bonds on the open market c. shifting the Phillips curve d. wage and price controls e. countercyclical fiscal policy
Investment is
A. a negative function of real GDP. B. a positive function of real GDP. C. a positive function of interest rates. D. autonomous with respect to real GDP.
Literacy rates in the Global South ________ the Global North.
A. have caught up to those in B. are falling even farther behind those in C. are still significantly lower than those in D. have surpassed those in