Most industrial countries have adopted the regressive tax system
a. True
b. False
Indicate whether the statement is true or false
False
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If the base year CPI basket costs $250 and next year the CPI basket costs $275, what is next year's CPI?
What will be an ideal response?
Life insurance companies have increased their purchases of corporate stock in recent years in an effort to
A) reduce risk. B) increase asset returns. C) increase liquidity. D) reduce taxes.
"A drop in government expenditures lowered output in the short run, but left output unaffected in the long run." This statement implies that the price level __________ in the long run, causing the interest rate to __________
A) rose; rise B) rose; fall C) fell; rise D) fell; fall
Suppose Exxon-Mobil announces that its profits in the third quarter of 2013 were $40 billion. This will cause the price of Exxon-Mobil stock to
A) rise. B) fall. C) remain unchanged. D) rise, fall, or remain unchanged depending on the expectations of market participants before the announcement.