A higher tax rate on income will always result in higher tax revenue for the government.
Answer the following statement true (T) or false (F)
False
You might also like to view...
The long-run aggregate supply curve will shift to the left when
A) technology improves. B) new sources of oil are discovered. C) the price level increases. D) population decreases.
Assuming all excess reserves are loaned out, currency holdings by the public are zero, and a reserve ratio of 20 percent, an initial deposit of $850 will lead to total deposits of
A) $425. B) $850. C) $4,250. D) $42,500.
The short run is a time period during which
A) some of the firm's resources are fixed. B) all of the firm's resources are fixed. C) all of the firm's resources are variable. D) the fixed cost equals zero. E) the firm cannot increase its output.
Which investment bank avoided bankruptcy by being purchased by JP Morgan Chase in March 2008?
A) Morgan Stanley B) Lehman Brothers C) Bear Stearns D) Merrill Lynch