The Obama administration increased the tax on the top income tax bracket from 35% to 39%
Supply and demand analysis predicts the impact of this change was a ________ interest rate on municipal bonds and a ________ interest rate on Treasury bonds, all else the same. A) higher; lower
B) lower; lower
C) higher; higher
D) lower; higher
D
You might also like to view...
Organizing production, obtaining financing, assigning workers to jobs, and dealing with suppliers are among the ways that ________ increases average labor productivity.
A. human capital B. an entrepreneur C. physical capital D. a manager
The labor force is defined as
A) all individuals who are at least 16 years old and are currently employed. B) all individuals who are currently employed. C) all individuals who are at least 16 years old and are employed, looking for work or not looking for work. D) all individuals who are at least 16 years old and are currently employed or unemployed.
According to Walton and Rockoff, Keynesian economists would probably argue that Keynesian policies failed to alleviate the Great Depression because _____
a. monetary policy was contractionary b. government spending was disproportionately concentrated on poor relief c. supply-side shocks offset Keynesian policies d. Keynesian policies were never tried on a sufficient scale
The buying and selling of foreign currency by the central bank is a trade policy whose objective is:
A. reducing purchases of assets abroad. B. stabilizing the exchange rate against external shocks. C. stabilizing the interest rate against foreign capital outflows. D. promoting long term economic growth.