The Federal reserve can increase the money supply by lowering the reserve requirement or raising the discount rate
Indicate whether the statement is true or false
FALSE
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Which of the following countries received the largest amount of emigrant remittances in 2011?
A. India B. Mexico C. Philippines D. China
The optimal quantity of air pollution is
A. a meaningless concept since monetary values cannot be attached to problems associated with pollution. B. found by equating the marginal benefits from further reductions in pollution and the marginal costs of further reductions in pollution. C. whatever amount of pollution is produced by the profit maximizing firm. D. found by setting the quantity of air pollution equal to the quantity of water pollution.
When an expansionary gap exists, actual output ________ potential output and the rate of inflation will tend to ________.
A. is less than; decrease B. is less than; increase C. exceeds; increase D. exceeds; decrease
The value of an object on which a tax is levied is known as the
a. tax rate. b. tax impact. c. tax base. d. tax incidence.