Dewey earned a salary of $75,000 in 2001 and $95,000 in 2006 . The consumer price index was 177 in 2001 and 266 in 2006 . Dewey's 2006 salary in 2001 dollars is
a. $47,768.36.
b. $63,214.29.
c. $84,550.00.
d. $142,768.36.
b
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Corporate profits are taxed twice.
Answer the following statement true (T) or false (F)
Which of the following would cause the money supply in the United States to expand?
A. a decrease in reserve requirements B. an increase in the discount rate C. the sale of U.S. government bonds by a Federal Reserve bank D. an increase in the world supply of gold
The incentives built into nearly all welfare programs
A. encourage work. B. encourage family planning. C. encourage savings. D. discourage marriage.
The cost of getting one more ton of coal or one more barrel of oil out of the ground is called the
A. energy renewal rate. B. marginal cost of extraction. C. energy mitigation rate. D. marginal cost of capital.